limited company

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Related to Private limited company: Public limited company

Limited company

A form of business commonly used in the U.K. comparable to incorporation in the U.S.

Limited Company

In the United Kingdom, a company with limited liability amongst its owners; that is, shareholders who are not liable for more than their investment in case of insolvency. In other words, an owner of a limited company would lose the value of his/her investment if the company declares bankruptcy, but would not be held liable for other outstanding debts. A limited company is the most common corporation structure in the United Kingdom and is designated by "Ltd" after its name.

There are two types of limited companies. A limited company by guarantee has no shareholders but instead contains members who contribute a small amount to cover outstanding debts following a potential liquidation. This structure is common among British charities, and is used by the Financial Services Authority. A public limited company usually (but not always) trades publicly, and shareholders are only liable for the value of their individual investments. These companies are designated by "p.l.c." See also: Limited liability company, U.S. Corporation.

limited company (Ltd.)

A firm registered in such a manner as to give its owners limited liability. Limited companies are most often associated with British registration, much as incorporated firms are primarily associated with U.S. registration.

limited company (Ltd)

see JOINT STOCK COMPANY.
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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.
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In financial difficulties, such an insolvency or bankruptcy, the shareholders of a private limited company, are financially limited to the value of the shares they hold, unless personal guarantees have been made, whereas a sole trader/partnership is liable for the full debt outstanding and their personal effects could be at risk.
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The strict rights of a shareholder holding less than 50% of the shares in a private limited company are generally fairly limited.
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