A Public Limited Company is a company whose shares may be sold and traded publicly. A public company can be either an unlisted or listed company on the stock exchanges.
In Zimbabwe, a public company usually drops the words private in its name and becomes recognised as ‘xxxxx Limited or Ltd’. Internationally, a public company usually must include the words “public limited company” or the abbreviation “PLC” or “plc” at the end and as part of the legal company name.
The registration process is quite similar with that of a private company but there are specific requirements that must be addressed in the documentation for a public company i.e. in the Articles of incorporation, prospectuses etc. For a public company which will not list on the stock exchange, there is a requirement to produce a statement in lieu of prospectus. The directorships, shareholding and administration of a public company are a bit more onerous than a private company.
At VCS, we have incorporated many public companies over the years and we are proud of our experience in incorporating public companies both for listing on the stock exchange and for business without listing. We have the experience necessary to make the incorporation process simple and compliant with all regulatory requirements with minimum inconvenience to our customers.