Singapore PLC

PLC is the abbreviation of Public Limited Company, which is a legal entity registered in Singapore. It belongs to collective ownership, meaning it is owned and managed by multiple shareholders. As a limited liability company, the shareholders of PLC are only liable for the amount of their contribution. PLC may offer its shares to the public after registering a prospectus with the Monetary Authority of Singapore (MAS); it does not have to be listed on a stock exchange. According to Singaporean law, PLC must have at least one shareholder and at least one director. PLC is not required to appoint a legal representative. Additionally, PLC must have at least one company secretary whose principal or only place of residence is in Singapore. According to Singaporean law, PLC needs share capital of at least S$1, with no higher minimum, and no verification of the capital is required. Finally, PLC is a flexible form of company suitable for large enterprises and public companies.