In a public limited company, the losses are borne by the
A) staff
B) Directors
C) community
D) shareholders
Answers
Answer:
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Answer:
A Public Limited Company is a separate legal business entity having limited liability. The securities of Limited companies are traded on a stock exchange. Anyone can buy and sell shares of Public Limited Company. As per Company Law, 2013 a Public Company has to compulsorily present its financial stats and position publicly to maintain transparency. Furthermore, it enjoys huge benefits like
Limited liability,
Transferability,
Borrowing capacity, etc.
Explanation:
Paid Up Capital:
According to the Companies Act, 2013, a Public company in India should have a minimum paid-up capital of Rs. 5 lakhs.
Directors:
A public company should have a minimum of 3 directors. Further, there is no such restriction on the maximum number of directors. They must also possess a DIN issued by MCA.
Limited Liability:
One of the key benefits is limited liability. It means that the liability of the shareholders in case of loss or debts is only to the extent of investment they have made in the company. However, this characteristic does not offer immunity to the shareholders. Further, the shareholders will be responsible for their own illegal actions.
Name:
It is a compulsory requirement for all public companies to add the word ‘limited’ after their name.
Prospectus:
It is a comprehensive statement of the affairs of the company. Furthermore, it is mandatory for a public company to issue a prospectus