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What is Public Limited Company?
A public limited company (PLC) is the standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company's stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for the shares.
A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited
A Company is a separate legal person and juristic person under the law. The company on its own can hold properties and is differs from its members and Directors. The Board of Directors of the Company can only authorised to manage the company, but they do not own the company entirely.
Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages.
There are some specific requirements for a PLC which must be met: