Public Co. By Shares
A public company limited by shares can have more than 50 shareholders. The company may raise capital by offering shares and debentures to the public. A public company must register a prospectus with the Monetary Authority of Singapore before making any public offer of shares and debentures.
It is having its own pros and cons as features.
- It can raise capital by offering shares or debentures to the public.
- Can be listed on Singapore Stock Exchange (SGX)
- There is a lack of confidentiality because public companies have to disclose financial information to the public
- Stringent regulation, such as Company Secretary’s qualifications and director’s age
- Listed Public companies also have to file reports with Singapore Stock Exchange regularly and comply with statutory requirements and exchange guidelines