Write any two features of Public Company.

A public company is a type of joint-stock company that offers its shares to the general public and is regulated by the Company Act. Here are two key features:

1. Public Subscription of Shares A public company invites the general public to subscribe to its shares through prospectus or public issue. This allows anyone to become a shareholder, increasing capital mobilization. The shares are freely transferable in the stock exchange, enhancing liquidity.

2. Strict Legal Formalities It must comply with mandatory legal requirements, such as:

   • Minimum seven members (no upper limit).
   • Registered office in Nepal (if incorporated under Nepali law).
   • Statutory meetings (AGM, EGM) and audited financial statements submission to the Office of Company Registrar (OCR).
   • Minimum paid-up capital (as per the Companies Act, 2063).

These features ensure transparency, accountability, and broad investor participation.