Part 1U.K.General introductory provisions

Modifications etc. (not altering text)

C1Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Types of companyU.K.

4Private and public companiesU.K.

(1)A “private company” is any company that is not a public company.

(2)A “public company” is a company limited by shares or limited by guarantee and having a share capital—

(a)whose certificate of incorporation states that it is a public company, and

(b)in relation to which the requirements of this Act, or the former Companies Acts, as to registration or re-registration as a public company have been complied with on or after the relevant date.

(3)For the purposes of subsection (2)(b) the relevant date is—

(a)in relation to registration or re-registration in Great Britain, 22nd December 1980;

(b)in relation to registration or re-registration in Northern Ireland, 1st July 1983.

(4)For the two major differences between private and public companies, see Part 20.