Public Limited Company is the biggest type of business in India. An open restricted organization can be recorded on stock trades and would thus be able to welcome assets from open. Additionally, there is no limitation with regards to the most extreme no. Of investors in an Public Limited Company.
A company continues to exist irrespective of the status of the owners.
A shareholder is liable only to the extent of unpaid amount on his holding.
A company enjoys separate legal identity unlike partnership firms.
There is no restriction on transfer ability of shares. A shareholder can transfer his shares to any person.
Companies have better avenues for borrowing funds unlike other forms of business.
Public company can invite public to subscribe its shares unlike a private limited company.