A public company is a company that is not a private company. A public company may offer its shares to the general public and no limit is placed on the number of members. A private company that is a subsidiary of a company that is not a private company is also a public company. However, the status of a private subsidiary with more than one shareholder, where one is a foreign corporate body (holding company) and the other shareholder is not, depends on the status of its holding company. A “section 25” company is a company formed for the purpose.
