Limited Company

Limited Company Although a limited company has quite a few characteristics, the ‘limited’ refers to the liability of the members, which is confined to the face value of the shares hey have bought. A limited company is a legal entity, i.e., it can enter into contracts as a person, independent o fits members. Most large companies, public or private, are limited by shares, the number of which is stated in its memorandum of association. A public limited company needs certificate f incorporation from the Registrar of Companies.

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