A public limited company grants confined commitment to its proprietors and organization. Being an open association empowers a firm to pitch offers to monetary authorities this is benificial in raising capital. No less than three Directors are required for working up a Public Limited Company and it has more stringent managerial essentials appeared differently in relation to a Private Limited Company.
Public Limited Companies are those sorts of associations where slightest number of people is seven and there is no best on the most extraordinary number of people. An open compelled association has most of the characteristics of a private confined association. An open limited association has each one of the upsides of private compelled association and the ability to have any number of people, ease in return of shareholding and more straightforwardness. Perceiving indications of an open confined association are name, number of people, shares, game plan, organization, boss and social affairs, etc