The Public limited company in India is a voluntary association of members which incorporates a separate legal existence and thus the liability of whose members is restricted. A Public limited company can either be an unlisted Company or a listed Company on the stock exchange. The public limited company also enjoys wide options to boost funds through bank loans, the overall public and Institutional investors.
A public limited company has many advantages over a private limited company and the ability to possess any number of members, ease in transfer of shareholding and more transparency makes it popular amongst foreign investors. If you’re getting to raise funds from the general public through Initial Public Offer (IPO) then start your business by incorporating a Public limited company. But a PLC is suitable for the big organizations which have a comprehensive perspective and better growth possibilities, instead of a little shop located nearby.