Public Limited Company

Public limited company can be registered with minimum 3 director and  7 members and there is no limit for maximum number of Members since the fund can be raised through public by way of issuing share through prospectus, however, the maximum number of directors a Public Company can have is confined upto 15 directors in accordance with the provisions of Companies Act, 2013.Along with having all the advantages of private Limited Company it is also having the better access to Capital,  Such as raising share capital from existing and new Investor ,i.e. raising fund from public, either launching the IPO or FPO of shares lead to carry on trading on stock exchange freely if it’s registered with stock exchange that means the company is listed or through way of issuing prospectus if the company is Unlisted Public Company. Moreover, this company can be started up just with the paid-up capital of Rs. 5,00,000 /-. However, it’s not a mandatory requirement to employ this much capital due to the evasion made by law for the same but its recommendatory requirement that one should bring at least this much capital with oneself to have such an affluent status of a Public Company as it helps to induce public to invest more in your company.