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 ?
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.
The reduction was made to align the banks range of Specialist limited company buy-to-let products with Standard individual (single residential unit) buy-to-let deals and it has removed the additional 1% previously charged for deals for limited companies.
The first condition is that all the assets and liabilities of the partnership firm should be transferred to the limited company.
He said: "The sums involved offer value for money, although the current governance arrangements should be adjusted so that funds do not pass through a limited company.
A private limited company is a voluntary association comprising of at least two and at the most fifty members.
By arranging his affairs so that a limited company contracts to provide his services he is able to pay the lower rate of Corporation Tax of 20 per cent on profits up to pounds 300,000 per annum instead of 40 per cent or 50 per cent income tax.
But lawyers for the club had argued that the debts related to the limited company that holds the Bedford Terrace ground - NOT the actual team which plays in Northern League Division One.
Fire authority chairman Coun John Edwards said: "The ability for us to generate income through the limited company will go some way towards plugging the huge hole in our government grant funding.
NORDIC BUSINESS REPORT-December 29, 2011--Norway's SpareBank 1 SR-Bank to operate as public limited company as of Jan 2(C)2011 M2 COMMUNICATIONS http://www.
Compliant limited companies have little to fear from AWR but the limited company route is only viable if all the tax rules are obeyed and workers are genuinely in business on their own account.

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