Unlimited Company
This query is : Resolved
07 May 2011
Hi..
Please solve this query on urgent basis.
" What is the status of a Public Unlimited Company? What are the difference between Public Limited Company & this type of Company. Are all sections of the company law, applicable on the Public Unlimited Company. There is a company - ABC Capital Services India. It has not used Limited at the end. but the Master Data shows that it is a Public Company as well as Unlimited."
I am really very very confused. Please resolve this as soon as possible.
Thanks & Regards,
Alok Dubey
Please solve this query on urgent basis.
" What is the status of a Public Unlimited Company? What are the difference between Public Limited Company & this type of Company. Are all sections of the company law, applicable on the Public Unlimited Company. There is a company - ABC Capital Services India. It has not used Limited at the end. but the Master Data shows that it is a Public Company as well as Unlimited."
I am really very very confused. Please resolve this as soon as possible.
Thanks & Regards,
Alok Dubey
09 May 2011
this type of company may or may not have a share capital and there is no limit to the members' liability. Because there is no limitation on members' liability, far less of the company's affairs have to be disclosed publicly than is the case with the other types of company.
so by excluding provision applicable in respect of share capital other provision are equally applicable on such type of company..
so by excluding provision applicable in respect of share capital other provision are equally applicable on such type of company..
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