ACCA Corporate and Business Law (F4) Certification Practice Exam

A public limited company (PLC) is indeed required to disclose financial information as part of its obligations to maintain transparency and accountability to shareholders and the general public. This requirement arises from various regulations aimed at protecting investors and ensuring fair trading practices. Financial disclosures typically include detailed annual reports, quarterly updates, and other significant developments regarding the company's financial status. This level of transparency helps investors make informed decisions about buying or selling shares.

The other options do not accurately describe the characteristics of a public limited company. For example, a PLC can sell shares to the public, has a minimum requirement of at least two directors (though this is also true for private companies), and does not have a limit on the number of shareholders, unlike private companies which are restricted in this regard.