Public Limited company is an association formed by a group of people and registered under The Ministry of Corporate Affairs, India. Generally, this form of company is chosen for attracting public funding and deposits or for having unlimited number of members. It is also known as publicly traded company, publicly held company, publicly listed company, or public limited company. Only a Public Company can list its securities (Except Debt Securities) on the Stock Exchange. Earlier there was a minimum requirement for Capital of Rs. 5 lakhs, however this limit was removed vide Companies (Amendment) Act, 2015 dated 29th May, 2015.
A public company can be broadly divided into 2 types of company. Listed Public Company: When a Public Limited company get its securities listed on the Recognized Stock Exchange (NSE/BSE) for trading on the stock market it is called as Listed Public Company. Unlisted Public Company: An unlisted public company is one which is not listed on any stock exchange but can have an unlimited number of shareholders to raise capital for any commercial venture.