Public Limited Company
A public limited company (‘PLC’) is now defined as a company limited by shares (or limited by guarantee and having a share capital):
- Whose certificate of incorporation states that it is a public company.
Which has been registered or re-registered as a public company on or after 22 December 1980.
The main features of a public limited company are:
- The name must end with the words public limited company or PLC
- The allotted share capital must have a nominal value of not less that the ‘authorised minimum’ which is presently £50,000 or the euro equivalent
- The allotted share capital must be at least 25% paid up as to nominal value and be at least 100% paid up as to any share premium
- They are subject to stringent rules to ensure that full value is given for allotted shares
- Their shares can be offered to the public
- The Company Secretary must be a qualified person i.e. a Chartered Secretary, Chartered or Certified Accountant, Solicitor of such other qualified person
The statutory package for a Public Liability Company includes:
- Original Certificate of Incorporation
- 4 bound copies of the Articles of Association
- Draft minutes of the first board meetings
- Statutory Books
- Pre – printed share certificates
- Stock transfer forms if applicable
M&N Group can draft bespoke articles to suit any specific needs.
Check the availability of your proposed name using our free Company Name Check
Whether you are just about to set up a company or need assistance with the ongoing compliance requirements of your existing company
call us now on 020 8974 5252 or fill up this form: