A Public Limited Company in India is characterized by the following:
Share Capital: Must have a minimum paid-up capital of Rs. 5 lakh.
Shareholders: There’s no limit on the maximum number of shareholders, allowing for widespread ownership.
Stock Exchange Listing: Shares can be freely traded on the stock exchange, providing liquidity to shareholders.
Regulatory Compliance: Subject to stringent compliance requirements, including regular audits, disclosure of financial information, and adherence to corporate governance norms.
Board of Directors: Managed by a board that is accountable to the shareholders, with directors appointed through shareholder voting.
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