Public Company A public company means a company which is not a private company. As per the Indian
Companies Act, a public company is one which:
1. has a minimum paid-up capital of Rs. 5 lakhs
2. has a minimum of 7 members and no limit on maximum members
3. can transfer its shares
4. can invite the public to subscribe to its shares. A private company which is a subsidiary of a public company is also treated as a public company. A public company must use the word limited after its name.