§ Mr. Tim Smithasked the Secretary of State for Trade what suggestions as to a distinctive designation for public companies he has received in response to his Department's request for comments contained in paragraph 18 of its explanatory and consultative note "Implementation of the Second EEC Directive on Company Law".
§ Mr. Clinton DavisThe proposal which has received most support has been that in place of "Limited" or "Ltd". public companies should use the designation "Public Limited Company" or "PLC". There has been significant support for "Incorporated" or "Inc".490W although there has also been some, express opposition to this. Other suggestions made include "Public Company Limited", "Corporation", "Limited Corporation", "Limited (P)", "Corporate Body" and "Public Limited".
§ Mr. Tim Smithasked the Secretary of State for Trade how many comments he has received on his Department's explanatory and consultative note "Implementation of the Second EEC Directive on Company Law"; which of the proposals the comments related to; and if he will make a statement.
§ Mr. Clinton DavisMy Department has received 55 written representations commenting on the whole range of proposals set out in the note "Imeplementation of the Second EEC Directive on Company Law". The comments that we have received are of considerable assistance in preparing the Bill to implement the directive, which I intend to introduce in the new year.