A Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisite.
A Private Limited Company is the most popular type of business entity and has global recognition. In a private limited company minimum number of members is two and maximum number is two hundred. The maximum number of directors shall have to be mentioned in the Articles of Association.