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Both a private company limited by shares and an unlimited company with a share capital may re-register as a plc, but a company without a share capital cannot do so. A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form to the Registrar.
Private company limited by shares – If company is wound up, members' liability is limited to the amount, if any, unpaid on the shares they hold. Maximum number of members in Ireland is 99. Company limited by guarantee not having a share capital – Public company. Must have at least seven members.
A public company [a] is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company ), which facilitates the trade of shares, or not ( unlisted public company ).
A public limited company must have a paid-up share capital of at least ₹ 5 lakh (US$5,900), and at least seven members; its name ends "Limited" (abbreviated Ltd). A one-person company (OPC) is a private company with similar proprietorship and privileges to a private limited company, but with fewer requirements; this type of company may have ...
A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar.
The most common type of company is the private limited company ("Limited" or "Ltd"). Private limited companies can either be limited by shares or by guarantee. Other corporate forms include the public limited company ("plc") and the private unlimited company.
Ltd is used for publicly listed companies (shares of a listed company are traded on the stock market) or a public corporation, a similar entity to a corporation in the US. Indonesia uses PT ( Indonesian : Perseroan Terbatas ), meaning "private limited", which is the equivalent of an incorporated entity in the US.
Public limited companies (PLC) – the company's shares may be offered for sale to the general public and the members liability is only limited to the amount unpaid on shares held by them. This also includes community interest public limited companies; All companies are formed in close to the same way they register with Companies House.