Medina Sullivan
11/15/2023 · High School
6.2. PLCs 6.2.1. Formation of PLC 6.2.2. Management of PLC 6.2.3. Meeting 6.2.4. Reserve requirements 6.2.5. Dividends 6.2.6. Dissolution
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Public Limited Companies (PLCs) are businesses that offer shares to the public and can trade on stock exchanges. They must meet legal requirements like minimum share capital, incorporate with proper documents, and have directors and a company secretary. PLCs are managed by boards of directors who follow strict corporate governance rules. They hold regular meetings like AGMs and EGMs where shareholders discuss and vote on important matters. PLCs must maintain reserves to ensure financial stability and pay dividends based on their profits. If a PLC decides to dissolve, it goes through a liquidation process to settle debts and distribute remaining assets to shareholders. Proper formation, management, and adherence to regulations are essential for the success and sustainability of PLCs.
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