Public Limited Company Registration is governed by law and can be incorporated as per the prevailing law and provisions contained in The Companies act 2013 and the rules made thereunder. Any seven persons can open Public limited company with no limitation to the number of members in the company. The minimum capital required to formulate a Public Limited Company is now abolished. However, the intention of the law is that at least one shares each have to behold by each subscriber they are known as shareholders. This form of business is appropriate for the large scale of business where the capital requirement is immensely high and the company is willing to receive fund from the public at large.