ISP Level 3 Sales Professionalism Practice Questions - ISP Level 3 Certificate Diploma In Sales Professionalism Exam

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In the UK, what is the minimum share capital requirement for a Public Limited Company (Plc) to obtain a certificate to commence business?

£50,000, of which at least 25% must be fully paid up. £12,500, which must be fully paid up by the directors. £100,000, of which at least 50% must be fully paid up. There is no minimum share capital requirement for a Plc.

Correct Answer:

£50,000, of which at least 25% must be fully paid up.

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