Public limited company,
Definition of Public limited company:
(in the UK) a company registered under the Companies Act (1980), with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability.
A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). Also called publicly held company. Public limited company and its abbreviation Plc are commonly used in the UK in the way that corporation and Inc. is used in the United States.
How to use Public limited company in a sentence?
- He must be the only chief executive of a public limited company in Ireland to sit in open plan space.
Meaning of Public limited company & Public limited company Definition