A Public Limited Company (PLC) is a business entity defined by Section 2(71) of the Companies Act, 2013, as a company distinct from a Private Limited Company with a minimum paid-up capital of Rs. 5 lac. It requires a minimum of 7 shareholders and 3 directors. Enjoying separate legal status, a PLC can own property, incur debts, and exists perpetually unless dissolved. Its limited liability structure safeguards owners' personal assets from business liabilities. Read here https://structuredbiiz.com/public-limited-company/
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