A Public Limited Company can be incorporated with minimum seven numbers of members and minimum three directors. There is no maximum limit of members unlike a Private Limited Company. A Public Limited Company can enjoy all the advantages of a Private Limited Company and in addition it has advantage of any number of members.
As there can be any number of members of a Public Limited Company, it becomes easy to raise capital. As compared to Private Limited Companies the compliances and regulations for a Public Limited Company are more stringent.