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A PLC (Public Limited Company) is distinct from a private company in that it is designed for wider share ownership and hence the administrative regime is tighter but the company can offer shares to the public and is capable of being listed.
Easyform Glossary of Law Terms. — UK law terms.
- plc
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public limited company (PLC)A company which has shares that can be purchased by the public and which has an authorised share capital of at least £50,000, with each of the company's shares being paid up at least as to one-quarter of the nominal value of the share and the whole of any premium on it. Not all PLCs are listed companies.For further information, see the Companies House website.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- PLC
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Plaintiffs' Legal Committee
Short Dictionary of (mostly American) Legal Terms and Abbreviations.