A public limited company is an entity that trades its securities through stock exchanges to anyone
who is interested. A public limited company can be commenced with minimum seven shareholders
and three directors and there is no maximum limit for both. Being a separate legal entity, it holds
limited liability to shareholders who can sell and buy shares without any restriction.
It is free to do business anywhere in the country and holds no limitations on the number of employees or businesses conducted. The death of any shareholder will have no impact on the function of the business. Also addressed as publicly held company, a public limited company, according to the law, needs to publish its financial condition so that the investors can understand it before buying or selling the shares.
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