What are Public Limited Companies?

What are Public Limited Companies?
We are going to tell you about the features of the Public limited companies.
The following are the important features of the Public limited company:
• Public limited companies belong to the private sector
• The main motive of the public limited companies is profit
• The company is owned by shareholders
• The company is managed by directors
• Certain legal requirements have to be fulfilled in order to form a Public limited company (Memorandum of association and Articles of association).
• The owners are called the shareholders
• Shares can be sold on the Stock exchange