A limited liability company that sells shares to the public is referred to as a public limited company under the Companies Act of 2013. Through trading in the stock marketplace or a private initial public offering (IPO), anyone can buy its stock.
A public limited company is subject to tight regulations and is obligated to disclose to its shareholders its genuine financial situation.
Characteristics of a Public Limited Company
Requirements for Public Limited Company Registration
The Companies Act of 2013 stipulates a number of laws and regulations for the creation of a public limited company. What to consider when forming a public limited corporation is listed below:
A public limited company that sells shares to the public is referred to as a public limited company under the 2013 Company Act.
Examples of some well-known public limited companies you may recognise: AstraZeneca Plc. Barclays Plc. Cine world Group Plc.
Proof of identity of all the shareholders and directors, Proof of address of all the directors and the shareholders, PAN number of all the shareholders and directors.
ore regulated both for taxes and Companies House, HMRC tax deadlines are shorter for public companies, Unlike Ltd’s company secretaries, a PLC’s company secretary must be fully qualified.
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