Public Limited Company
A Public Limited Company is a company that can raise capital through offering its securities for sale to the general public, typically through a stock exchange. A public company is defined as a company which is not a private company.
It has various benefits-
- The shareholders have limited liability.
- A company can raise additional capital by issuing more shares or debentures.
- Greater borrowing power.
- A board of directors with experience/ expertise can be appointed.
- Shareholders can sell/transfer their shares freely in open market.