Refers to a company with restricted share ownership, typically limited to a maximum of 50 shareholders, where the shares are not publicly traded and the company has limited liability, indicated by the “Pty” Ltd suffix in its name; essentially meaning that the company is privately held and not open to the general public to invest in its shares.
Procedure to register Private (proprietary) Limited and Public (Limited) Companies
Submit name application/reservation form CM5
Upon approval the following documents should be completed:
- Certificate to commence Business CM46
- Certificate of Incorporation CM1
- Memorandum of Association of a company that has share capital CM2
- Copy of Name reservation approval letter
- Notice of postal and registered addresses CM22
- List of directors, auditors and public officers CM29
- Appointment of Auditor CM31
- Article of association of a company that has share capital adopting schedule 1 CM44
- Article of Association of a company that has share capital not adopting schedule 1 CM44A
- Signatories to the Article of Association CM44C
- Request for submission of additional copies CM51 (where necessary)
- Certified copies of the Company directors
- Do take note that the following are part of the Memorandum and articles of association booklet: CM1, CM2, CM44 or CM 44A and CM44C. This booklet is submitted in triplicate (i.e., x1 original copy and x2 notarised copies).
- Copies of Beneficial Ownership (BO) of all Owners
The remaining documents are submitted as loose forms with the Memorandum and articles of association booklets.