Which of the following is NOT a requirement to become a public limited company (plc)?

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To become a public limited company (plc), one must adhere to several key requirements that facilitate the structure and regulation of public companies. Among these requirements, approval from the Bank of England is not necessary.

While the other options are essential components for establishing a plc, such as having a minimum of two shareholders, which ensures there is an adequate ownership base; maintaining a minimum share capital of £25,000, reflecting the financial commitment required for public companies; and filing incorporation documents with Companies House, which formally registers the company and establishes its legal identity, approval from the Bank of England is particularly relevant to banks or financial institutions, not to all public limited companies. Hence, this requirement does not apply broadly to the formation of a plc.

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