As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required and there can be a maximum of 15 directors. 

A Public Limited Company is a separate legal entity from its shareholders. This means that the company can sue and be sued in its own name. 

Shareholders have limited liability, meaning their personal assets are generally protected from the company's debts and obligations. 

A PLC has perpetual succession, meaning it can continue to exist indefinitely, even if its shareholders change. 

Shares of a PLC can be freely transferred, making it easier for investors to buy and sell their shares. 

Public Limited Companies are required to issue a Prospectus as required under the act. 

A prospectus is a comprehensive statement of the affairs of the company issued by a public limited company for its public. 

PLCs can raise large amounts of capital through Initial Public Offerings (IPOs), making it easier for them to expand and invest in growth. 

Being a PLC can enhance a company's credibility and reputation, making it easier to attract customers, suppliers, and partners. 

Shares of a PLC are often listed on stock exchanges, providing liquidity and making it easier for investors to buy and sell their shares.