Public Limited Companies are those companies where minimum number of members is seven and there is no restriction on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.
Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, these are the areas open for public limited companies to attract foreign loans and equity participation.