Week 11 - Public Company Flashcards
1
Q
What must a public company’s name end in?
A
The words ‘Public limited company’ or PLC
2
Q
What is a PLC entitled to do?
A
Offer its shares and debentures for sale to the public and it may be listed on, for example, the London Stock Exchange (this is only applicable to the largest organisations)
3
Q
Who does a PLC require?
A
A secretary who is qualified for the position
4
Q
What must PLC have annually?
A
Must hold an AGM (annual general meeting) every calendar year
5
Q
What must a PLC do before the AGM?
A
Give notice 21 days before and share any agenda they will be talking about to vote on
6
Q
What must a PLC have?
A
An allotted share capital of £50,000 and at least two directors
