Public Limited Companies is those types of companies where minimum number of members is seven and there is no cap on the maximum number of members.
A public limited company has most of the characteristics of a private limited company.
A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.