Г. А. Багаутдинова И. И. Лукина английский язык для аспирантов и соискателей

Companies Limited by Guarantee

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  а private company has the word Limited (Ltd) as the last word of its name, whereas the public company has the words Public Limited Company (Plc)
  
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  the private company can commence trading immediately on incorporation, whereas the public company must obtain a certificate to the effect that it has raised the minimum capital (Ј50000) that is required of a public company
  
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  the private company may only have one director, whereas a public company must have at least two
  
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  directors of private companies are not subject to age limits unless the company is a subsidiary of a public company
  
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  the company secretary of a private company does not need formal qualifications, whereas the company secretary of a public company does
  
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  private companies are less strictly regulated, including: restrictions on loans to directors, and regulation of raising and maintenance of capital
  
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  disclosure requirements in the annual return are less onerous where the private company is classified as either “small” or “medium”. There is also exemption for small and medium-sized groups in respect of group accounts: CA 1985
  
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  private companies can enjoy deregulation, which enables them to dispense with formal meetings of their shareholders. This is by way of regulations allowing written and elective resolutions
  
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  a private company may be exempt from the statutory audit of their accounts.
  

Business Organizations in the UK