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Types of companies (Differences between private and public companies (A…
Types of companies
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Unlimited companies
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Unlimited companies are exempt from the statutory obligation to public their accounts and reports. The directors are also not required to deliver accounts and reports to the registrar in respect of a financial year
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Single member companies
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Some OSPs have allocated shares to a single corporate shareholder which acts as a nominee for the beneficial owner
A note is usually added to the register of members stating that the company is a single member company
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