Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Public company limited by shares definition

What does Public company limited by shares mean? In practice, a public company limited by shares (PLC) is used to raise equity from the public and to access regulated markets. In the UK (Companies Act 2006), a PLC must have allotted share capital of at least £50,000 (s 763(1)); on allotment at least one quarter of the nominal value and the whole of any premium must be paid (s 586); it may offer shares to the public; it must have at least two directors (s 154(2)) and a company secretary (s 271); and its name must include ‘public limited company’ or ‘plc’ (s 58). These rules are consistent...

Precedent articles of association for a UK PLC (Companies Act 2006)

Published by a LexisNexis Corporate expert

Precedents

Part 1, interpretation and Limitation of Liability

Defined terms and interpretation

These articles regulate a PLC under the Companies Act 2006, adopting bespoke provisions and expressly excluding the relevant model articles. Words not defined here take the meaning given in the Companies Act 2006 as at the date the articles bind the company. Legislative references include subordinate legislation and any amendments, consolidations or re-enactments. Singular includes plural and vice versa; masculine includes feminine and neuter; references to persons include bodies corporate. Unless context dictates otherwise, “writing” embraces visible form by any method, including electronic means.

articles: the company’s articles of association
bankruptcy: includes comparable overseas insolvency affecting individuals
board: the directors from time to time or a duly quorate meeting
CA 2006: the Companies Act 2006
document: includes those sent or supplied electronically
fully paid: nominal and any premium paid to the company
instrument: a hard copy document
register of members: the register kept under section 113 CA 2006
transmittee: one entitled by death, bankruptcy or operation of law

Liability of members

Members’ liability is limited to any unpaid amount on the Shares they hold...

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Web page updated on 27/05/2026

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