Public Limited Company

According to Section 2(71) of Companies Act, 2013 a “public company” means a company which –

  • is not a private company;
  • has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed:
  • Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles ;

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