What is the Advantages and Disadvantages of Public Limited Company
Public limited companies are those companies whose shares are traded in the stock market or issue fixed deposits. Simply stating, these are those companies that trade on a local exchange, whose shares can be bought and sold. These are registered under the Companies Act, 1980 with statutory minimum capital requirements and share offered to the public subject to the conditions of limited liability. The local laws of our country may not apply as strictly as it is normally indicated and there will likely be some variations. These companies are a kind of large business entity. It has limited liability and also offers shares to the public; also providing huge benefits to the people compared to the private limited company. The PLC shares can be purchased by anyone during trading on the stock market or initial public offers. Public limited company is the large scale business that consists of 3 directors and 7 shareholders. PLC enjoys huge benefits like limited liability, transferability, b...