A Public Limited Company is defined under Section 2(71) of the Companies Act, 2013 as: “(1) A Company which is not a private company and (2) has a minimum paid-up share capital of INR 5 lakhs”. Under the Companies Act, 2013, a Subsidiary Company shall be deemed to be a Public Company if it is not a Subsidiary to a Private Company, even if it is a Private Company as per its AOA.Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. To register a Public Limited Company in India, a Minimum of 3 Directors, Minimum of 7 Shareholders and Minimum Capital of Rs. 5 Lakhs is required.
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