Commerce SSS2 First Term
The student should be able to:
1. Explain the meaning of limited companies.
2. Compare the private limited and public limited companies.
3. Describe the requirements for the formation of limited companies.
Meaning of Limited Company
A limited company is a kind of business unit which a number of people agree to form by each contributing shares towards its initial capital under the conditions laid down in the various Companies Acts.
Types of Limited Liability Companies
1. Private limited liability company: Private limited liability company is defined as one.... View More
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