Improper use of "Limited" or "Private Limited" in a business name triggers daily fines unless duly incorporated. Use of the words "Limited" or "Private Limited" (or any contraction or imitation) as the last words of a trading or business name is prohibited unless the ... Summary
Improper use of "Limited" or "Private Limited" in a business name triggers daily fines unless duly incorporated.
Use of the words "Limited" or "Private Limited" (or any contraction or imitation) as the last words of a trading or business name is prohibited unless the person is duly incorporated with limited liability or as a private company with limited liability; such use attracts a daily pecuniary penalty for each day the name is used, the statutory amount having been substituted by subsequent amendment.
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