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Private company limited by shares

Index Private company limited by shares

A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Scotland, certain Commonwealth countries, and the Republic of Ireland. [1]

31 relations: Age of Legal Capacity (Scotland) Act 1991, Articles of association, Bankruptcy, Capital (economics), Commonwealth of Nations, Companies Act 2006, Companies House, Companies Registration Office (Ireland), Company secretary, Creditor, English law, Fiscal year, Gaeltacht, Gesellschaft mit beschränkter Haftung, HM Revenue and Customs, Limited liability, Limited liability company, Memorandum of association, Natural person, Office of Public Sector Information, Private limited company, Privately held company, Public limited company, Real versus nominal value (economics), Registrar of Companies, Republic of Ireland, Scots law, Share (finance), Shareholder, Stock exchange, United Kingdom.

Age of Legal Capacity (Scotland) Act 1991

The Age of Legal Capacity (Scotland) Act 1991 (c.50) is an Act of the Parliament of the United Kingdom applicable only in Scotland which replaced the pre-existing rule of pupillage and minority with a simpler rule that a person has full legal capacity, with some limitations, at the age of 16.

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Articles of association

In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where the memorandum exists) form the company's constitution, defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Commonwealth of Nations

The Commonwealth of Nations, often known as simply the Commonwealth, is an intergovernmental organisation of 53 member states that are mostly former territories of the British Empire.

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Companies Act 2006

The Companies Act 2006 (c 46) is an Act of the Parliament of the United Kingdom which forms the primary source of UK company law.

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Companies House

Companies House is the United Kingdom's registrar of companies and is an executive agency and trading fund of Her Majesty's Government.

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Companies Registration Office (Ireland)

The Companies Registration Office (CRO) (An Oifig um Chlárú Cuideachtaí) registers and incorporates companies in Ireland as well as filing their annual returns.

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Company secretary

A company secretary is a senior position in a private sector company or public sector organisation.

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Creditor

A creditor is a party (for example, person, organization, company, or government) that has a claim on the services of a second party.

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English law

English law is the common law legal system of England and Wales, comprising mainly criminal law and civil law, each branch having its own courts and procedures.

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Fiscal year

A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting and budget purposes, which vary between countries.

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Gaeltacht

Gaeltacht (plural Gaeltachtaí) is an Irish-language word for any primarily Irish-speaking region.

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Gesellschaft mit beschränkter Haftung

A Gesellschaft mit beschränkter Haftung (abbreviated GmbH and also GesmbH in Austria) is a type of legal entity very common in Germany, Austria, Switzerland (where it is equivalent to a société à responsabilité limitée) and Liechtenstein.

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HM Revenue and Customs

Her Majesty's Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage.

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Limited liability

Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.

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Limited liability company

A limited liability company (LLC) is the United States of America-specific form of a private limited company.

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Memorandum of association

The memorandum of association of company, often simply called the memorandum (and then often capitalised as an abbreviation for the official name, which is a proper noun and usually includes other words) is one of the most important documents and must be drafted with care.

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Natural person

In jurisprudence, a natural person is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, as opposed to a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization.

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Office of Public Sector Information

The Office of Public Sector Information (OPSI) is the body responsible for the operation of Her Majesty's Stationery Office (HMSO) and of other public information services of the United Kingdom.

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Private limited company

A private limited company is a type of business entity in "private" ownership used in many jurisdictions in contrast to "public" ownership, with some differences from country to country.

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Privately held company

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.

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Public limited company

A public limited company (legally abbreviated to plc) is a type of public company under the United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland.

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Real versus nominal value (economics)

In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.

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Registrar of Companies

A registrar of companies is a public authority which is responsible for managing a companies register.

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Republic of Ireland

Ireland (Éire), also known as the Republic of Ireland (Poblacht na hÉireann), is a sovereign state in north-western Europe occupying 26 of 32 counties of the island of Ireland.

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Scots law

Scots law is the legal system of Scotland.

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Share (finance)

In financial markets, a share is a unit used as mutual funds, limited partnerships, and real estate investment trusts.

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Shareholder

A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation.

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Stock exchange

A stock exchange, securities exchange or bourse, is a facility where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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References

[1] https://en.wikipedia.org/wiki/Private_company_limited_by_shares

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