Improper use of 'Limited' or 'Private Limited' triggers daily fines for trading under such name without incorporation. Use of the corporate suffix 'Limited' or 'Private Limited', or any contraction or imitation, by a person trading under a name ending with those words is prohibited unless the entity is duly incorporated with limited liability or as a private company with limited liability; contravention attracts a monetary penalty for every day the name is used, subject to prescribed minimum and maximum daily fines.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Improper use of 'Limited' or 'Private Limited' triggers daily fines for trading under such name without incorporation.
Use of the corporate suffix "Limited" or "Private Limited", or any contraction or imitation, by a person trading under a name ending with those words is prohibited unless the entity is duly incorporated with limited liability or as a private company with limited liability; contravention attracts a monetary penalty for every day the name is used, subject to prescribed minimum and maximum daily fines.
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