Question

When is a company not required to insert words “public limited” or “private limited” after its name?

Answer 1

The central government may permit an association to be registered as a company without inserting the words “public limited” or “private limited” after its name. Such permission is given when:

1. The association was established to promote art, religion, science, culture, charity, or any other useful object.
2. Any profits or income will be used to further the company’s basic objectives, with no dividends paid to members. This type of corporation can be founded without the need for share capital.