Companies Act 2014
CHAPTER 2 Incorporation and consequential matters | ||
Way of forming a PLC | ||
1004. (1) A PLC may be formed for any lawful purpose by any person or persons subscribing to a constitution and complying with the relevant provisions of— | ||
(b) this Part, | ||
in relation to registration of a PLC. | ||
(2) Without prejudice to the means by which a PLC may be formed under the relevant provisions referred to in subsection (1), a company may be registered as a PLC by means of— | ||
(a) the re-registration, or registration, as a PLC of a body corporate pursuant to Part 20 or 22 , | ||
(b) the merger of 2 or more bodies corporate pursuant to Chapter 16, | ||
(c) the division of a body corporate pursuant to Chapter 17, or | ||
(d) the merger operation provided for by the European Communities (Cross-Border Mergers) Regulations 2008 ( S.I. No. 157 of 2008 ). | ||
(3) The liability of a member of a PLC at any time shall be limited to the amount, if any, unpaid on the shares registered in the member's name at that time. | ||
(4) Subsection (3) is without prejudice to any other liability to which a member may be subject as provided by this Act. | ||
(5) The certificate of incorporation issued under section 25 (1) shall state that the company is a public limited company. |