A Public Limited Company may issue shares to the general public and may be quoted on the stock exchange. In order to be registered as a PLC, certain conditions must be satisfied. The Articles of the company must state that it is a public company and the name must include the words ‘Public Limited Company’ or ‘PLC’. The company must have an issued nominal share capital of at least £20,500 of which 25% of the nominal amount and the whole of any premium must be paid up on each share. The company requires a trading certificate from the Registrar before it can undertake business.