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Separate small and simple enactment is desirable for Private Limited Companies

Corporate Laws / Banking / SEBI / LLP - By: - CA DEV KUMAR KOTHARI - Dated:- 9-7-2015 - Private limited companies: Private limited companies are generally incorporated by family members, friends and associates. Even in case of transfer of controlling .....

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riction on invitation to and participation by public in raising of capital by private limited companies by way of shares, deposits and other securities. Many restrictions are also required to be placed in the Memorandum and Articles of Association of .....

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etc. For example, a manufacturer will prefer to appoint a private limited company as distributor or agent instead of partnership firm. Similarly banks also prefer to lend to private limited companies in comparison to partnership firms. Therefore, in .....

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members,. Close relatives friends and associates. The inflow of funds by way of capital and loans in company is from these people and associates. Therefore, it is desirable that for private limited companies a small, separate Private Limited Companie .....

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