What is a Public Limited Company?

What is a Public Limited Company?

Public Limited Company is characterized by following features:

1. Minimum number of shareholders is 7 and there is no limit on maximum number of shareholders.

2. Minimum two numbers of directors are required to form a public limited company.

3. It can freely approach public in general to subscribe for its shares or debentures.

4. The shareholders of the Public Limited Company can freely transfer their shares to any other person.

5. A public limited company needs to have a minimum paid up share capital of Rs 5 lakhs or more as may be prescribed.

6. Every shareholder of public limited company has limited liability. They are only liable to the unpaid amount.
What are the two most basics financial statements prepared by the companies?
Financial statements are prepared in two forms: Balance Sheet ,Profitability Statement…
Why do businesses prepare financial statements?
Basically to know the two facts about the business the financial statements are prepared:..
What are the limitations of Financial Statements?
Limitations of Financial statements are: ...Financial statements are available after a specific period of time is over….
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what is joint Hindu family?
sanket Yashwantrao 05-5-2015