A Public Limited Company (PLC) is a type of company structure in which the shares of the company are publicly traded on a stock exchange. The Companies Act, 2013 regulates the formation, functioning, and winding up of PLCs in India. Here are some details about Public Limited Companies.

A PLC is a separate legal entity from its shareholders, and its ownership is divided into shares. The shares are freely transferable, and the company has a large number of shareholders.

PLCs are suitable for large-scale businesses that require access to a wide range of funding sources and want to expand their operations through public offerings of shares. However, they are also subject to higher compliance requirements and regulatory scrutiny than other types of companies.

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