Incorporation of a public company limited by shares in Scotland: unlike a private company, a public company has access to the capital markets, can sell shares in itself via a stock exchange and can advertise its securities for sale to the public. The drawback of registering a public company is that there are additional requirements when compared with a private limited company. Coddan Formations Agency can help make the registration of a public company in Scotland easy.
When you register a Scottish public limited company it is necessary to have two directors, two shareholders and a company secretary. One of the directors may also be the secretary. Coddan can provide nominees to fill any or all of these roles for an annual fee.
In order to register a PLC it is necessary to have £50,000 of allotted share capital. Of these shares a quarter, or £12,500, must be paid up. In addition any premium paid on the shares (amount paid in addition to their market value) must be paid in full.
Before a public company starts trading it must have a certificate that entitles it to do business and borrow known as a trading certificate. The trading certificate will be posted out to you or faxed to your nearest Companies House office as soon as we have it.