public limited company
- = plcA 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.
Accounting dictionary. 2014.
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public limited company — public limited companies N COUNT A public limited company is the same as a . The abbreviation plc is used after such companies names … English dictionary
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