Protected Company Pdf For Free

What Is a Protected Cell Company (PCC)? A protected cell company (PCC) is a corporate structure in which a single legal entity consists of a core linked to several cells that have separate assets and liabilities.

In banking terms, PCC is Professional Credit Certification. The Police Clearance Certificate is given to the people who are seeking permanent residency in a foreign country, a visa for an extended time or any employment.

A protected cell company is a special type of corporate body which consists of several cells within the same legal vehicle. A cell is a sub-set within the corporation, which has its own assets, its liabilities, its own cellular capital, its own dividends, accounts, and all.

Protected Cell Captives A PCC is its own legal entity, a trait it shares with traditional insurance companies. However, unlike traditional insurance companies, the structure of a PCC is subdivided into the core, which contains the capital for the whole of the entity, and a large number of individual cells.

A Protected Cell Company (also known as a Sponsored Cell Company or Segregated Account Company) is an insurance company that offers the benefits of a single parent captive without the need ? and associated time and expense ? to create a separate legal insurance entity.

A PCC can engage in the following activities: Asset holding and managing of assets (or portfolios of assets); Structured Finance Businesses; Collective Investment Schemes (CIS) and Closed-ended Funds (CEF); Specialised CIS and CEF; and. External insurance.

Well established examples include Investec World Axis PCC Limited, which has four separate cells; cautious, core, flexible and global equity, all of which are listed on The International Stock Exchange (TISE), and Kleinwort Benson Elite PCC Limited, which has 10 cells with 32 share classes listed on TISE.