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 ;

>> Seperate Legal Entity
>> Perpetual Succession - Continued Existence
>> Limited Liability
>> Free & easy transferability of shares
>> Better Borrowing Capacity - Easy Funding
>> Capacity to sue & be sued
>> Credibility

>> Public Limited Company Registration
>> Minutes
>> Annual Filing
>> Income Tax Return Filing

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