PUBLIC LIMITED COMPANY
- It should have at least seven shareholders
- A public company is allowed to start its activities only after procuring the 'Certificate of Commencement of Business'. The 'Certificate of Incorporation' alone will not suffice the purpose.
- The company should release a prospectus or issue a statement to sell its securities.
- It must have at least three directors in its board.
- The company should conduct statutory meeting from time to time.