Before starting any business, we need to decide first thing whether we are going to do business alone or along with someone else. If the answer comes we will start business with someone else, we have been lot of options like partnership firm, limited liability partnership firm, joint venture, public limited company & private limited company etc. So, Public limited company is one of the available varieties among lot of options to start business with someone else. Public Limited company is an incorporated association means it comes in to existence with some pre-determined process. Like we are natural person, it is an artificial person. It has its own PAN (Permanent Account Number) like we have. Most of the work it can do what we can do as a natural person except natural process. It can contract; It can sue & be sued. Like we are bound with laws of society, it is bound with the laws of Companies Act, 2013. It has its own constitutional documents called Memorandum of Association (MOA)
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