Public Limited Company (PLC) (PLC) — Glossary

◈Definition

A Public Limited Company (PLC) is a company permitted to offer its shares to the public. It requires a minimum of 3 directors and 7 shareholders with no upper cap on members. Its shares are freely transferable. PLCs face stricter governance requirements — independent directors on the board (above thresholds), detailed disclosures, audit committees, and, when listed, SEBI LODR compliance. Listed PLCs carry 'L' as the first character of their CIN.

◉See also

Private Limited Company (PTC)(PTC)
The default legal form for Indian companies — limited liability, restricted share transfer, 2–200 members.
Listed Company
A company whose shares are listed on a recognised stock exchange in India.

⬢Related guide

Types of Indian Companies — Private, Public, OPC, Section 8 and More
Private limited is the default, but Indian companies come in many legal forms. Here's a practical guide to the ones you'll encounter on MCA.

Team CorpIntel

Editorial & Research Desk

The CorpIntel team — editors, researchers, and Company Secretaries working across Indian corporate intelligence, incorporations, and compliance.

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Part of the CorpIntel glossary, a 45-term reference. Found an error? Corrections policy.