Part 19 – Unlimited Companies

22-01-2014

Part 19 of the Act addresses private unlimited companies with a share capital (ULCs), public unlimited companies with a share capital (PUCs) and public unlimited companies without a share capital (PULCs), which are collectively referred to as unlimited companies (UCs).

The law applicable to UCs will be that contained in Part 19 of the Act, and that applicable to the new model private company limited by shares (or ‘LTD’), i.e. Parts 1 to 14 of the Act, save as disapplied, modified or supplemented by Part 19.

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