What is Public limited company?

Kindly let us know the meaning of Public limited company.

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Public Limited Companies are exclusively entitled to trade in the stock market or issues fixed deposits. For a public company, a minimum of three Directors are required whereas it must have a minimum of 7 shareholders but there is no limit as regards the maximum number. In public company shares are freely transferable and that too without the prior consent of other shareholders.

Manish Kumar

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