Registered and regulated by Companies Act 2013, a public limited company also benefits its members with limited liability. Applicable rules are more tough and stringent for a public limited company when compared with a Private Limited Company.
Benefits of a Public Limited company:
Checklist of documents for registration of Public Limited company:
Below is the Difference between llp and private limited comapny and public limited company:
| Point | Private Limited Company | Public Limited Company | Limited Liability Partnership |
|---|---|---|---|
| Min. No. of Directors required | 2 | 3 | 2 |
| Min. no. of members required | 2 | 7 | 2 |
| Max. no. of members | 200 | No limit | No Limit |
| Public Offer | No | Yes | No |
| Listing of shares at Stock Exchange | Not allowed | Allowed | Allowed |
| Limit on Managerial remuneration | No restriction | As per regulations of Companies Act 2013, 11% of Net profits | 360% of book profit |
| Name | Must have a suffix 'Private Limited' | Must have a suffix 'Limited' | Must have a suffix 'Limited' |
| Share format | Paper/demat | Demat only | Demat only |
