Conversion of Private Limited Company to Public Limited Company
A public limited company is a company that is managed by directors and owned by its shareholders, and it has the feature of inviting the shareholders publicly and has the feature of transferability of shares without restriction. Shares in this type of company are sold and traded among the public. All Public Limited Companies may be listed on a stock exchange, like the National Stock Exchange and the Bombay Stock Exchange, subject to their rules and regulations.
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