Business terms and jargon explained. Your business dictionary

What is Public company or public limited company

This a company where the ordinary shares are bought, sold and listed on a stock exchange. There are requirements under the Companies Act 1985 which stipulates the capital requirements as well as others requirements, how a company becomes a PLC. The main purpose of a company becoming a public limited company is to raise capital and make the shares liquid.

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Term created / updated 2005-07-16 23:12:15

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