Private company is company which by its articles restricts its right to transfer its shares.The law also limits the number of its members to 50 and prohibits it from giving any invitation to the public to subscribe to its shares. The law also allows single member private companies which are treated differently than ordinary private companies. All other companies are public companies. Many provisions of the Ordinance do not apply to private companies, and certain provisions do not apply to private companies unless they are subsidiaries of public companies.
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