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Question
A company is exempted to add Ltd or Pvt Ltd at the end of their name it is a ______________.
A company is exempted to add Ltd or Pvt Ltd at the end of their name it is a ______________.
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Solution
The correct option is D None of the above
The name of the company is the indicator of its legal status. When you're starting a small business, deciding its legal structure is one of the first steps. Legal structure is usually determined by the business type, the number of owners or investors it has, and how tax and liability issues are best managed. You'll likely use an abbreviation, such as Inc., Ltd., Co., or LLC, after your business's name to indicate its structure.Company, which is registered under section 8 of the companies act, 2013 (earlier section 25 of the companies act, 1956), can take the exemption of omitting the word ‘limited’ or ‘private limited’ in their name. A Company which is listed in any stock exchange doesn’t have to additionally add any words in its name extra.
The name of the company is the indicator of its legal status. When you're starting a small business, deciding its legal structure is one of the first steps. Legal structure is usually determined by the business type, the number of owners or investors it has, and how tax and liability issues are best managed. You'll likely use an abbreviation, such as Inc., Ltd., Co., or LLC, after your business's name to indicate its structure.
Company, which is registered under section 8 of the companies act, 2013 (earlier section 25 of the companies act, 1956), can take the exemption of omitting the word ‘limited’ or ‘private limited’ in their name.
A Company which is listed in any stock exchange doesn’t have to additionally add any words in its name extra.
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