Companies Act 2014 section 1018

Status of existing PLC

Section 1018 deals with the continuity and recognised status of public limited companies that were incorporated under earlier Companies Acts and were already in existence when this section came into force.

• Any public limited company incorporated under the prior Companies Acts and in existence immediately before this section commenced continues in existence and is deemed to be a PLC under Part 17 of the Act.
• The definition of a public limited company incorporated under prior legislation includes old public limited companies (as defined in the Companies (Amendment) Act 1983) that re-registered as PLCs under that Act.
• It also covers any company that re-registered as a public limited company under the prior Companies Acts more generally.
• Any reference in the Act to a company's date of registration is to be read as the date on which it was originally registered under the Joint Stock Companies Act 1862, the Companies (Consolidation) Act 1908 or the prior Companies Acts, as appropriate.