0 votes
in Revision by
Characteristics or features of a private limited company

1 Answer

0 votes
by (118k points)

Some of the characteristics of a private limited companies include:

  • It must have at least one director
  • Transfer of share is restricted
  • Business can be started immediately after incorporation
  • It is not entitled to publish annual accounts
  • It is not a must to hold statutory meetings
  • Number of members is limited to 50 (in Kenya)

Related questions

Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...