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.