limited company

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Limited company

A form of business commonly used in the U.K. comparable to incorporation in the U.S.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

limited company (Ltd)

see JOINT STOCK COMPANY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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References in periodicals archive ?
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.
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Pakistan Paper Products Limited is a company incorporated in Pakistan on July, 1962 as a private limited company. It later converted into public limited company and the foundations are laid under the Companies Ordinance, 1984.
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LAHORE -- Hum Network Limited (HNL) through a notification to Pakistan Stock Exchange (PSX) has informed that the company is venturing into an online grocery business, to be operated through a separate private limited company named Hum Mart (Private) Limited.
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Matco, founded in 1964 by Syed Sarfaraz Ali Ghori, was incorporated in 1990 as a private limited company. In the early days, the company supplied rice processing plants and machinery to government of Pakistan.
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Summary: New Delhi [India], June 30 (ANI): With the biggest tax overhaul in the history of the Indian economy, the Goods and Services Tax (GST) just a few hours away, the Goods and Service Tax Network (GSTN) has been created as a section 25 private limited company with Strategic Control with the Government to function as a common Pass-through portal for taxpayers.
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It has been urged in the Petition that though the company is incorporated as a private limited company, in essence, The Nation Publications (Private) Limited, is a family concern being managed solely by family members and is in the nature of a partnership, therefore, subject to the principles for dissolution applicable to partnership concerns.
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