This helps you to set expiry for all public shares. So that if you share a file/folder publicly, it will automatically expire after a certain number of days. This provides better security in case we forget to set the expiry.
To achieve this,
1. Login as admin, Navigate to Settings->Misc
2. Set public share expiry as shown in the screenshot

Now, all public shares you do will be expired in the number of days set.
By Team FileCloud