Limited Liability
The liability of members is limited to the contribution made by them. Members are under no obligation to pay any more than the value of the shares they have taken in the business.
Unlimited Source Fund
The Public Limited Company has an unlimited source of raising fund through Public, Bank or Institute which results in pursuance of new projects and for capturing the new market.
Transferable Shares
In a public limited company, the shares are freely transferable. The right to transfer shares is a statutory right and it cannot be taken away by a provision in the articles.
Issue of Securities
There is no restriction on the issue of securities to the general public. The company can issue the same via an initial public offer (IPO) or a bonus issue through private placement.
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