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Which of the following statements about most public limited companies is true?
- a)They are owned and controlled by the workers.
- b)They are owned by the directors but controlled by the shareholders.
- c)The are owned by shareholders but controlled by directors.
- d)They are owned and controlled by the government.
Correct answer is option 'C'. Can you explain this answer?
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Which of the following statements about most public limited companies ...
Public Limited Companies
Introduction:
A public limited company (PLC) is a type of business organization that is registered under the Companies Act 2013 in India. PLCs are owned by shareholders and offer shares to the public. They have a separate legal identity from their owners and can enter into contracts and own property in their own name. The management of a PLC is carried out by a board of directors who are appointed by the shareholders.
Ownership and Control:
Most public limited companies are owned by shareholders but controlled by directors. This means that the shareholders own the company and have the power to appoint and remove directors, but the day-to-day management of the company is carried out by the board of directors. The directors are responsible for making strategic decisions and managing the company's affairs.
Shareholders:
Shareholders are the owners of the company. They buy shares in the company and receive a share of the profits in the form of dividends. Shareholders also have the power to vote on important matters such as the appointment of directors and the approval of the company's accounts.
Directors:
Directors are appointed by the shareholders to manage the company. They are responsible for making strategic decisions and managing the company's affairs. Directors are also responsible for ensuring that the company complies with all relevant laws and regulations.
Conclusion:
In conclusion, most public limited companies are owned by shareholders but controlled by directors. This means that the shareholders have the power to appoint and remove directors, but the day-to-day management of the company is carried out by the board of directors. Shareholders receive a share of the profits in the form of dividends and they also have the power to vote on important matters such as the appointment of directors and the approval of the company's accounts. Directors are responsible for making strategic decisions and managing the company's affairs.
Introduction:
A public limited company (PLC) is a type of business organization that is registered under the Companies Act 2013 in India. PLCs are owned by shareholders and offer shares to the public. They have a separate legal identity from their owners and can enter into contracts and own property in their own name. The management of a PLC is carried out by a board of directors who are appointed by the shareholders.
Ownership and Control:
Most public limited companies are owned by shareholders but controlled by directors. This means that the shareholders own the company and have the power to appoint and remove directors, but the day-to-day management of the company is carried out by the board of directors. The directors are responsible for making strategic decisions and managing the company's affairs.
Shareholders:
Shareholders are the owners of the company. They buy shares in the company and receive a share of the profits in the form of dividends. Shareholders also have the power to vote on important matters such as the appointment of directors and the approval of the company's accounts.
Directors:
Directors are appointed by the shareholders to manage the company. They are responsible for making strategic decisions and managing the company's affairs. Directors are also responsible for ensuring that the company complies with all relevant laws and regulations.
Conclusion:
In conclusion, most public limited companies are owned by shareholders but controlled by directors. This means that the shareholders have the power to appoint and remove directors, but the day-to-day management of the company is carried out by the board of directors. Shareholders receive a share of the profits in the form of dividends and they also have the power to vote on important matters such as the appointment of directors and the approval of the company's accounts. Directors are responsible for making strategic decisions and managing the company's affairs.
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Which of the following statements about most public limited companies is true?a)They are owned and controlled by the workers.b)They are owned by the directors but controlled by the shareholders.c)The are owned by shareholders but controlled by directors.d)They are owned and controlled by the government.Correct answer is option 'C'. Can you explain this answer?
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