05 September 2014
I have recently joined a company which is named as 'XYZ Limited'. I joined it thinking of it as Public limited company. But when i went through the balance sheet of company i came to know it is pvt limited company. Can a private company operate without using the word 'pvt ltd' in its name..??
06 September 2014
it might possible that company is converted into public from private.
Check MOA & Certificate of Incorporation of the Company.
In case Section 8 company (under Companies Act, 2013 ) & Section 25 Company ( under Companies Act, 1956) name of the company will not end with the last word “Limited” in the case of a public limited company, or the words “Private Limited” in the case of a private limited company.
12 September 2014
what i came to know is company is closely held company. so it has not used the word private in its name. But i donot know thw logic behind this.
CAclubindia
