limited company


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limited company

a company in which the liability of each shareholder is limited to the amount of the capital agreed to be invested by him in it; liability does not extend to the member's other assets.
References in periodicals archive ?
However, club chairman Stewart Milne revealed that becoming a private limited company will also aid Aberdeen in their quest to raise the PS45-50million needed for the new stadium complex at Kingsford.
Mr Milne added: "As a private limited company, this rule will no longer apply, immediately unlocking PS2m of investment.
Mr Milne said: "As a private limited company, this rule will no longer apply, immediately unlocking PS2 million of investment.
The new limited company buy-to-let purchase plan broadens our offering and helps us to ensure we provide a full suite of products for landlords.
The company's twitter handle has been changed from Safaricom Limited @SafaricomLTD to Safaricom Public Limited Company @SafaricomPLC.
He points out that as per section 18 of the Act, the corporation already has the mandate to form and establish companies to manage and run projects established by it but the chief minister approved conversion of the corporation into a private limited company against the constitutional scheme, especially Article 140-A read with Article 32 of the Constitution.
He argued that as per Section 18 of the Punjab Mineral Corporation Act 1975, the corporation has the mandate to form and establish companies to manage and run the projects established by it but the chief minister is held bent on constituting a new company by converting the corporation into a private limited company against the constitutional scheme.Moreover, he said that all the powers regarding financial matters have to be exercised by the local government as per the Local Government Ordinance 2001 and the Punjab Local Government Act 2013 but the companies are operating as independent entities in violation of the local laws.
Much like a limited company, an LLP has its own legal identity and is required to be registered with the Registrar of Companies.
My brothers feel that it is better to convert the firm into a limited company in order to avail of substantial bank finance.
ALL set to start a business or ready to take up limited company status?
The categories this year are Young Finance Director of the Year (under 40); Best Finance Director of a Limited Company (under PS16-PS30m turnover); Best Finance Director of a Limited Company (PS30-PS50m turnover); Best Finance Director of a Limited company (PS50-PS200m turnover); Best Finance Director (above PS200m turnover); Best Finance Director for a Non-Profit Government/ Health Organisation; Best Finance Director for a Not for Profit Organisation; and Best Finance Director for an International Business.
Since most companies created under Turkish law are limited companies, I would like to give a brief outline of dissolving a Turkish limited company. Turkish Commercial Code Article 636 regulates the termination.

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