B.com ACS
1056 Points
Joined August 2011
| Originally posted by : Gaurav Kumar |
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Respected Sir
I want to know whether a properiotry business can use the term " (I) Pvt Ltd" in its name.
Thanks in advance |
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Agree with Agarwal Sir. Section 453 is reproduced herewith for your referemce
If any person or persons trade or carry on business under any name or title, of
which the word “Limited” or the words “Private Limited” or any contraction or imitation
thereof is or are the last word or words, that person or each of those persons shall, unless
duly incorporated with limited liability, or unless duly incorporated as a private company
with limited liability, as the case may be, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name ortitle has been used