| 单词 | public limited company |
| 释义 | public limited company = plc A company registered under the Companies Act 1985 as a public company. Its name must end with the initials 'plc'. 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. See also: |
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