limited company
Noun
Meaning
a company that is organized to give its owners limited liability
Source: WordNetSynonyms
Hypernyms
Examples
A private limited company in Singapore is a separate legal entity, and shareholders are not liable for the company's debts beyond the amount of share capital they have contributed.
In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name.
Conversion Private limited company to a public limited company Both a private company limited by shares and an unlimited company with a share capital may re-register as a plc, but a company without a share capital cannot do so.
Following the end of the war in 1945, regular commercial service was restored in India and Tata Airlines became a public limited company on July 29, 1946 under the name Air India.
If more than 75% of members voted in favour, the building society would then become a limited company like any other.
In 2002, the CSUCS became a limited company and then registered as a charity on January 6, 2003.