Question

Discuss the distinctive features of a public limited company?
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Answer 1

Answer:

Some of the distinctive features of a public limited company are: ... Such form of business has a wide legal capacity to own property and incur debts. This is because the member of the company, both shareholders and the directors, have no liability to the creditors of the company.

Answer 2

Some of the distinctive features of a public limited company are: ... Such form of business has a wide legal capacity to own property and incur debts. This is because the member of the company, both shareholders and the directors, have no liability to the creditors of the company.