Labuan: Types of Company
Public Company Limited by Shares
Public limited companies, denoted as "Berhad" or "Bhd.," are companies whose shares may be offered to the public for subscription. Companies may apply to the stock exchange for permission to have their shares listed. A public company is a company other than a private company. A public company must be issued a certificate by the Registrar of Companies (ROC) before it can commence business. It is required to issue a prospectus that is approved by the ROC before it can invite the public to purchase shares in the company.
A listed company on the Kuala Lumpur Stock Exchange is required to have an independent audit committee.