ICAP PRC-3 Business And Economic Insights Practice Questions - ICAP PRC-3 (PRC-03) Business And Economic Insights - Pre-Requisite Competencies, Pakistan Exam

A private limited company (Private Limited) in Pakistan is generally characterised by:

Unlimited liability of all shareholders for company debts A legal requirement to list on a stock exchange within one year Limited liability of members and restrictions on inviting the public to subscribe for shares Prohibition on having more than one director in all cases

Correct Answer:

Limited liability of members and restrictions on inviting the public to subscribe for shares

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