public limited company

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A company registered under the Companies Act as a public company. Its name must end with the initials ‘plc’ (or its Welsh equivalent, c.c.c.). It must have an authorized share capital of at least £50,000, of which at least £12,500 must be paid up. The company's memorandum must comply with the format in Table F of the Companies Regulations 1985. It may offer shares and securities to the public. The regulation of such companies is stricter than that of private companies. Most public companies are converted from private companies, under the re-registration procedure in the Companies Act.

Subjects: Financial Institutions and Services.

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