Public limited companies are listed on the stock exchange where it’s stocks are traded publicly
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A public limited company is a voluntary association of members that are incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Public limited companies are listed on the stock exchange where it’s share/stocks are traded publicly.
The company has separate legal existence apart from its members who compose it. Its formation, working and it’s winding up all its activities are strictly governed by rules, laws, and regulations.
The company collects Its capital by the sale of its shares and those who buy the shares are called the members. The amount so collected is called the share capital.
The shares of a company are freely transferable and that too without the prior consent of other shareholders or subsequent notice to the company.The liability of a member of a company is limited to the face value of the shares he owns.