A Public Company differs from a Proprietary Limited Company by being able to have more than 50 shareholders. They are used where the Company is to be listed on the Australian Stock Exchange. The number of Directors must be a minimum of three (3), and must have a Secretary. The Constitution for this Company allows the company to floated on the ASX but does not require it. Fully formatted in Microsoft word, ready to download edit and use. 41 pages long.