A Public Limited Company is a legal entity and has its own identity which is separate from its owners and where the minimum number of members required is seven. However, no limit has been prescribed for the maximum number of members, hence Public Company can have unlimited number of members. The shares of Public limited company are freely tradable; hence Public Company can get its shares listed on Stock Exchanges can be traded on stock exchanges which may be purchased and sold by the public and traded freely in the open market. A minimum of three Directors are required for compose the Board of the Company who are entrusted with the responsibility to look after the affairs of the Company on behalf of the owners/ shareholders. Stringent regulatory requirements have been imposed as compared to a Private Limited Company, as the public at large is involved.