2.5 - Public Company

Question 1

How do you know if you are dealing with a public company?

Answer 1

Name must end with words ‘public limited company’ or PLC

Question 2

What is a PLC entitled to do?

Answer 2

Entitled to offer its shares and debentures for sale to the public and it may be listed on the London Stock Exchange (only applicable to largest organisations)

Question 3

What does a PLC require?

Answer 3

A secretary and he/she must be qualified for the position (degree, business knowledge, qualifications)

Question 4

How often must a PLC have an AGM?

Answer 4

Each calendar year

Question 5

What must a PLC do before the AGM takes place?

Answer 5

Give notice of it 21 days before and share any agenda they are going to talk about anything they want voting on

Question 6

How much allotted share capital must a PLC have?

Answer 6

The PLC must have an allotted share capital of £50,000

Question 7

How many directors are required in a PLC?

Answer 7

At least two directors