A solicitor was a director of a public limited company for which he was a solicitor. The solicitor was also interested in a private limited company of the same group which was appointed as the sole selling agent of the public limited company. It was held that the vote of the interested director in the …
Privileges of a private company
A private company limited by shares provides all the advantages of registration and is a good medium for operating and managing enterprises so long as, generally, the activity in which it is engaged is small, the owners of the business are a few persons related closely or otherwise associated to each other and the resources …
The incorporation of a private limited company
The rule of incorporation of a private limited company is considerably same with that by incorporating a public limited company registration. Which is described under the following exceptions : The incorporation of a private limited company (i) There should be atleast be 2 subscribers in pace of 7. (ii) There should be at least two …