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A private limited company is a limited company incorporated under the Companies Act 2013 (or one of its predecessor acts), with a minimum paid-up share capital (if any) of ₹ 1 lakh (US$1,200), with an article that restricts the transfer of its shares; it may have between two and two hundred members, and its name ends with "Private Limited ...
Private company limited by shares, a class of company in the UK and some Commonwealth nations; Limited company, a class of company in several countries with limited liability; Lifetime deal, a customer retention tactic where for a one-time payment a business provides a service or tool indefinitely (i.e. for its lifetime) without recurring charges
Limited by Guarantee (Ltd./Gte.): a company limited by guarantee (non-profit company) Unlimited (ULtd.): A company with a share capital, similar to its limited company (Ltd., or PLC.) counterparts, but where the liability of the members or shareholders is not limited; Limited Liability Partnership (LLP): Only allowed in the state of Lagos, Nigeria.
Prior to 2015, the shareholders (known as members) had to pay a minimum of ₹ 1 lakh (equivalent to ₹ 1.5 lakh or US$1,700 in 2023) as a subscription amount to incorporate a private limited company. [22] A private limited company can have at most 200 members. A company with one member is referred to as a One Person Company. [23]
A suffix, such as Company, International, or Group, that is an integral part of the company name (as determined by usage in independent reliable sources) should be included, especially when necessary for disambiguation or when it is part of the company's acronym/initialism, e.g.: Louis Dreyfus Company, JBS Foods International (JBSI), and Mirage ...
Specifically, a limited company is a "company in which the liability of each shareholder is limited to the amount individually invested" with corporations being "the most common example of a limited company". [10] This type of company is common in England and many English-speaking countries. A company limited by shares may be a publicly traded ...
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Private company limited by guarantee, primarily for non-profit organisations - in Britain and Ireland; Public limited company, a limited company whose shares are sold to the public - primarily in Commonwealth countries; Limited partnership, a partially limited company where liability is limited for limited partners, but not general partners