Public Limited Company
A Public limited company provides for limited liability to its members or shareholders. A public limited has also got the benefits to sell shares to raise money from public at large. A public limited company has more stringent norms and legal compliance as compared to a private limited company. A minimum requirement of three directors and seven shareholders is there for formation of a public limited company and there is not restriction on the maximum no of shareholders that can be shareholders in a company.
Shareholder can easily transfer their shares to another person by Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate.