A private company is a business entity held under private ownership. The company may issue stock and have shareholders, but company's shares do not trade on public exchanges like BSE or NFT and are not issued through an initial public offering (IPO).
A public limited company (PLC) is a business entity that trades its securities in the stock market or offers its shares to the public. It raises a good amount of funds through public issue shares. A public limited company is easy to incorporate and this is the key reason behind its huge popularity in India. A PLC can be formed with a minimum 3 directors and 7 shareholders along with a registered office.
A private limited company (PLC) is a privately held business entity. The liability of a private limited company's members is limited to the number of shares held by that member. A PLC is governed by companies act 2013 and minimum number of shareholders needed to start a PLC is two while maximum limit of members is 200.