As per Section 2(71), a public company means a company which is not a private company; has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.
A public company may be said to be an association consisting of at least 7 members, which is registered under the Act. The securities of a public company may be quoted on a recognised Stock Exchange. There is no limit on number of members.der
In simple words, a public company is a compay regissterd under companies act, 2013 in which general public can purchase share or debentures of that company
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