Private Limited Company

Elective Resolution
An elective resolution was a unanimous decision by all members of a private limited company to dispense with certain provisions of the Companies Act 1985, such as holding an annual general meeting. This requirement was abolished by the Companies Act 2006.
Private Limited Company
A private limited company is a type of business entity which has limited liability and restricted ownership, preventing it from offering shares to the public.
Pty
An abbreviation for proprietary company, used primarily in Australia and the Republic of South Africa to denote private limited companies.

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