Public Limited Companies
PUBLIC LIMITED COMPANIES
A public limited company (legally abbreviated to plc) is a limited liability company that may sell shares to the public in United Kingdom company law, in the Republic of Ireland and other Commonwealth jurisdictions. It can be either an unlisted or listed company on the stock exchanges.
In the United Kingdom, a public limited company usually it abbreviates "plc" at the end and as part of its legal company name. However, certain public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of the identifying suffixes.
-------------------------------------------------
Registration
When a new company incorporates in England and Wales or in Scotland, it must register with Companies House, an Executive Agency of the Department for Business, Innovation and Skills.
Northern Ireland has a separate Registrar of Companies. In the Republic of Ireland the equivalent executive agency is the Companies Registration Office, Ireland.
While it is not compulsory for a public limited company to offer its shares to the public (some plc's are privately owned, maintaining the "plc" designation for the extra financial status), many do so, and their shares are usually traded on either the London Stock Exchange or the Alternative Investments Market. Irish public limited companies usually trade on the Irish Stock Exchange, though many also list on the London Stock Exchange, or more rarely, the Alternative Investments Market.
Company directors
Formation of a public limited company requires a minimum of two directors (differing from country to country).
In general terms anyone can be a company director, provided they are not disqualified on one of the following grounds: * The person is over 70 years of age or reaches 70 years of age while in office, (in the case of "plc's" or their subsidiaries) the unless they are appointed or re-appointed by resolution of the company in general
A public limited company (legally abbreviated to plc) is a limited liability company that may sell shares to the public in United Kingdom company law, in the Republic of Ireland and other Commonwealth jurisdictions. It can be either an unlisted or listed company on the stock exchanges.
In the United Kingdom, a public limited company usually it abbreviates "plc" at the end and as part of its legal company name. However, certain public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of the identifying suffixes.
-------------------------------------------------
Registration
When a new company incorporates in England and Wales or in Scotland, it must register with Companies House, an Executive Agency of the Department for Business, Innovation and Skills.
Northern Ireland has a separate Registrar of Companies. In the Republic of Ireland the equivalent executive agency is the Companies Registration Office, Ireland.
While it is not compulsory for a public limited company to offer its shares to the public (some plc's are privately owned, maintaining the "plc" designation for the extra financial status), many do so, and their shares are usually traded on either the London Stock Exchange or the Alternative Investments Market. Irish public limited companies usually trade on the Irish Stock Exchange, though many also list on the London Stock Exchange, or more rarely, the Alternative Investments Market.
Company directors
Formation of a public limited company requires a minimum of two directors (differing from country to country).
In general terms anyone can be a company director, provided they are not disqualified on one of the following grounds: * The person is over 70 years of age or reaches 70 years of age while in office, (in the case of "plc's" or their subsidiaries) the unless they are appointed or re-appointed by resolution of the company in general