What s A Private Limited Company

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Limited companies can be personal or public. Unlike a publicly restricted company, where shares are traded on the stock trade, a private limited company doesn't publicly commerce shares and is proscribed to a maximum of 50 shareholders. An example of a private limited company is commonly a local retailer, similar to a shop or restaurant, that doesn't have a national presence.

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RSM India is a member of the RSM community and trades as RSM. RSM is the buying and selling title utilized by the members of the RSM community. Each member of the RSM network is an impartial accounting and advisory agency every of which practices in its personal right. The RSM network is just not itself a separate legal entity of any description in any jurisdiction.

5. The shares of a company are freely transferable and that too without the prior consent of other shareholders or subsequent notice to the corporate. 6. The liability of a member of a company is restricted to the face worth of the shares he owns. Once he has paid the entire of the face worth, he has no obligation to contribute something to pay off the creditors of the company.