public company

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public company

a registered company that can offer its shares to the public. Its memorandum of association must state that it is a public company, that its authorized capital is at least the authorized minimum (£50,000) and that its name ends with plc (or public limited company).
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
Mark Cartnell, of Public Enterprise, said: "It happens every year - pictures of jubilant students, beaming smiles and exam slips held aloft litter the pages of every newspaper in the land.
Because a public enterprise competes with independent, profit-maximizing downstream firms in the telecommunications industry, game-theoretic analysis on privatization policy in vertically mixed market should be examined.
"As per information available with the Department of Public Enterprises (DPE), 19 sick and loss-making CPSEs or units of CPSEs have been approved for closure by the government," said Minister of Heavy Industries and Public Enterprises Arvind Ganpat Sawant in a written reply in the Lower House of Parliament.
Key to the Public Enterprise Ministry's improvements is its Corporate Advisory Reform Unit which includes four gov- ernance experts known as the "A team", who are reported to earn N$1.7m-N$2.1m a year each.
The latest Public Enterprises Governance Bill went before Parliament in October 2018.
Management is key for enhancing the performance of public enterprises, the minister reasserted, noting that there are about 250,000 employees in public enterprises and the ministry seeks to develop their skills.
Public Enterprises Evaluation and Privatization Agency (PEEPA) will privatise the Botswana Meat Commission (BMC) and establish a meat regulator.
Litro Gas, the largest importer and supplier of LP Gas in Sri Lanka, is a fully-owned subsidiary of Sri Lanka Insurance Corporation (SLIC) which was under the purview of the Ministry of Public Enterprise Development.
"The construction work is ongoing, and the preparation of all necessary project documents is in the final stage", stress from the Public Enterprise.
The public enterprises' governance consist of "internal" reforms that directly affect the management and control of assets, but the improvements in corporate governance are an essential complements to external reform measures and a part of public enterprise reform (privatization, competition, financial sector reform, restructuring) (Pannier, 1996).
Plaid Cymru councillor Neil McEvoy has now called for the fund to be used as a model of public enterprise for the whole of Wales.
The objective is clearly stated in the Act - the NCP is the prudential shareholder in every public enterprise. This gives us the mandate to set policies, and we divest some of those mandates by appointing the board of directors in every institution, who report to us.

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