Question
Can anyone use “Limited” or “Private Limited”
word as per wish? If no what is the penalty for improper use of “Limited” or “Private Limited” word as per Companies Act, 2013?Solution
As per section 453 of the Companies Act, 2013 - Punishment for improper use of “Limited” or “Private Limited”is punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.
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