A public limited liability company can issue shares and other Securities to the public. A public limited liability company requires at least three Board members and an optional number of alternate boards Members. It must also appoint a managing director. The chairman of the board cannot also serve as managing director.
The share capital of a public limited company is divided into two or more shares, but the share capital of a private limited company may be owned by one person or by more than one shareholders. A publicly owned company is always owned by the state or by more than one shareholders.
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