public limited companies
Which ONE of the following abbreviations identifies a public limited company in the UK Maldives? (1) Pvt. Ltd. Plc. Limited Pte. Ltd. Which ONE of the following documents enable a public limited company to begin its business activity? (1) Memorandum of Association Articles of Association Certificate of Trading Certificate of Incorporation Which one of the following groups control a public limited company? (1) shareholders government board of directors creditors Which ONE of the following statements best apples to a public limited company? (1) it is owned by the government and is in the public sector it is owned by shareholders who can transfer their shares freely it is quick and easy to set up with few legal formalities its accounts can be kept private The main reason why many owners may prefer to convert their business into public limited companies is because: (1) they do not want to remain in the private sector they want to gain the benefits of limited liability they want to keep the annual accounts secret they want to raise additional capital to expand the business Match the following statements regarding a public limited company to either under benefit or limitation. (7) Benefits (4) limited liability shares sold to public shares tradable on Stock Exchange legal identity Limitations(3) accounts have to be published more regulations to protect shareholders likely to takeover If you are given an option to form a public limited company in Maldives, give a reason why you might either go for it OR not. (3) Your answer could be YES or NO, and write the main reason in a sentence.