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26-637: The fund is incorporated as a limited company registered in Scotland and is owned by the Nuclear Trust. It consists of five trustees, three appointed by the Secretary of State for Energy Security and Net Zero and two by the owners of the nuclear power stations, now EDF Energy . The trustees are also directors of the Fund as well as owning the ordinary share capital of the Fund. The Nuclear Generation Decommissioning Fund

52-407: A one-person company. A company's liability may be limited by shares, in which case the liability of the company's members is limited to the amount of the shares held by them, or it may be limited by guarantee, in which case the liability is limited to a predetermined amount the company's members have agreed to contribute if the company is dissolved with outstanding liabilities. A private limited company

78-411: A person wishing to register a limited company must file Articles of Incorporation with either their provincial government or the federal government. At the time of incorporation, a company must elect to use "Limited" (Ltd.), "Incorporated" (Inc.) or "Corporation" (Corp.) as part of their name. In India, there are three types of limited company: a public limited company, a private limited company, and

104-547: A quarter from British Energy, adjusted each year in line with RPI. On 14 January 2005, following the restructuring of British Energy after it required financial assistance from the government, the original agreement was terminated. It was replaced by the Contribution Agreement (CA) and the Nuclear Liabilities Funding Agreement (NLFA). Broadly, these agreements resulted in the following: Part of

130-584: A sole proprietorship. Registering as Private Limited Company will be more secure, and have added benefits. Therefore, you and your company will act as two independent parties; ensuring that your business assets and liabilities will be separate. All companies are registered under the Companies Act, No. 7 of 2007. , through the Registrar of Companies, which operates its office in Colombo . The registration of companies in

156-523: Is a company that does not have share capital, but is guaranteed by its members , who agree to pay a fixed amount in the event of the company's liquidation. Charitable organisations are often incorporated using this form of limited liability. Another example is the Financial Conduct Authority . In Australia, only an unlisted public company can be limited by guarantee. Has shareholders with limited liability and its shares may not be offered to

182-491: Is a form of private company that exists mainly in French-speaking countries, such as France , Luxembourg , Monaco , Algeria , Morocco , Tunisia , Madagascar , Lebanon , Switzerland (where it is also designated by GmbH or Sagl ), and Belgium (where, since 1 May 2019, it is also designated by besloten vennootschap and abbreviated as SRL ). The primary purpose of a SARL is to conduct commercial activity. In

208-537: Is a limited company incorporated under the Companies Act 2013 (or one of its predecessor acts), with a minimum paid-up share capital (if any) of ₹ 1 lakh (US$ 1,200), with an article that restricts the transfer of its shares; it may have between two and two hundred members, and its name ends with "Private Limited" (abbreviated Pvt Ltd). A public limited company must have a paid-up share capital of at least ₹ 5 lakh (US$ 6,000), and at least seven members; its name ends "Limited" (abbreviated Ltd). A one-person company (OPC)

234-536: Is a private company with similar proprietorship and privileges to a private limited company, but with fewer requirements; this type of company may have only one director and member. Before 2015, the business organisations that wanted to take up a company as the preferred form of business organisation had to fulfill the requirement of minimum paid-up share capital of not less than 5 lakhs in case of public company and 1 lakh in case of private companies by way of Section 2(71) and 2(68) respectively. However, after in

260-473: The Companies Act 2006 , Northern Ireland's previously distinct company law was repealed and the new companies code instituted by that Act was extended to Northern Ireland. In the United States , corporations have limited liability, and the expression corporation is preferred to limited company . A " limited liability company " (LLC) is a different entity. However, some states permit corporations to have

286-582: The Proprietary Limited company (Pty Ltd). An Australian company with only Limited or Ltd after its name is a public company , such as a company listed on the ASX . Australia does not have a direct equivalent to the plc. A shareholder in a limited company, in the event of its becoming insolvent (equivalent to insolvency in the United Kingdom) would be liable to contribute the amount remaining unpaid on

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312-626: The United Kingdom is done through Companies House , which operates offices in London , Cardiff , Edinburgh and Belfast . Publicly traded limited company have names ending in 'Plc.' Prior to 1 October 2009, the registration of companies in Northern Ireland was the responsibility of the Department of Enterprise, Trade and Investment (a department of the devolved government). With the enactment of

338-419: The liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee . In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to

364-533: The Canadian province of Alberta , a similar corporate entity exists, known as "Société à Responsabilité Limitée" (SRL). This entity is recognized under the Alberta Partnership Act, allowing free trade of SRL shares akin to Canadian LLP shares, without the restrictions of European SRLs. Proprietary interests in a SARL are represented by shares . They are not freely transferable; unless the intended recipient

390-468: The Fund's interest in British Energy was realised on 31 May 2007, when it converted approximately 30% of its entitlement to British Energy's free cashflow into 450   million British Energy shares. These were immediately sold to investors at a price of £5.20 per share, raising £2.34   billion. On 19 January 2009, the Fund sold its remaining 36% interest in British Energy following the takeover of

416-740: The German GmbH , Dutch and Belgian bv , Portuguese Lda., British Ltd , Japanese G.K. , Polish sp. z o.o. , Russian ООО, Ukrainian ТОВ (TOV), the Czech s.r.o. , the French s.à r.l. , the Italian s.r.l. , Romanian s.r.l. , Hungarian kft. , Bulgarian ДОО (DOO), Slovenian d.o.o., and Slovak s.r.o. , in India Pvt Ltd for private company and Ltd for public company, in Singapore Pte Ltd for private company. This

442-723: The amount of money they contributed to the company. All Nigerian companies are governed by the Companies and Allied Matters Act (CAMA) 1990 and regulated by the Corporate Affairs Commission (CAC). In South Africa , the term "Proprietary Limited", abbreviated "(Pty) Ltd", is used to refer to a private limited company. All South African companies are regulated by the CIPC (Companies and Intellectual Property Commission). In Sri Lanka , businesses can be registered as Private Limited Company "(Pvt) Ltd", Public Limited Company "PLC" or under

468-421: The assets of the company, in the event of being wound up. The former may be further divided in public companies ( public limited companies ) and private companies ( private limited companies ). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although

494-419: The company by EDF Energy. The sale raised a further £4.421   billion, taking the total Fund value at that date to £8.3   billion. This is to be invested to fund the long term decommissioning costs of EDF's eight former British Energy nuclear stations, plus certain other contracted and uncontracted nuclear liabilities relating to the assets as they arise. Limited company In a limited company ,

520-668: The designation Ltd. (instead of the usual Inc. ) to signify their corporate status. A corporation must file annual corporate tax returns with the Internal Revenue Service. In Zimbabwe the term "(Pvt) Ltd" refers to a private company limited by share capital. All private entities are regulated by the Registrar of Companies in Harare. Soci%C3%A9t%C3%A9 %C3%A0 responsabilit%C3%A9 limit%C3%A9e A société à responsabilité limitée ( SARL , S.à r.l. and similar; lit.   ' society with limited responsibility ' )

546-522: The detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft (AG), Dutch and Belgian nv , British PLC , Czech a.s. , Italian S.p.A. , Hungarian nyrt. and the Spanish, French, Polish, Greek and Romanian S.A. ), and the " private " types of companies (such as

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572-451: The general public. Shareholders of private companies limited by shares are always bound to offer the shares to their fellow shareholders prior to selling them to a third party. A public limited company can be publicly traded on a stock exchange ; this is similar to the U.S. Corporation (Corp.) and the German Aktiengesellschaft (AG). The private company equivalent in Australia is

598-654: The name of your future business to check if it was not already registered, then the accountant contacts the offices responsible for giving you the CNPJ (the national code for company identification), which are the commercial joint of the state and the IRS. After that the Ltda. or Lda. (rarely used) suffixes can be placed after the companies name or with Cia. (abbreviation for companhia , company in Portuguese): [company name] & Cia. Ltda. In Canada,

624-493: The recent Companies Amendment Act 2015 , this requirement is scrapped, and a company can go ahead with its incorporation without fulfilling this criterion. In Nigeria , there are two types of limited companies namely: a company limited by guarantee and a company limited by shares . The company limited by shares is further divided into two namely a Private limited company (Ltd.) and a Public limited company (Plc.) In Nigeria shareholders of limited companies are only liable for

650-452: The shares (usually zero, as most shares are issued fully paid). "Paid" here relates to the amount paid to the company for the shares on first issue, and should not be confused with amounts paid by one shareholder to another to transfer ownership of shares between them. A shareholder is thus afforded limited liability. In Brazil , a limited company is registered as any other type of company. To register it, you must pay an accountant to research

676-653: Was established on 28 March 1996 by the UK Government as part of the preparations for the privatisation of British Energy . It covered the nuclear power stations owned by the company on 20 March 1996, comprising seven advanced gas cooled reactor (AGR) stations and one pressurised water reactor (PWR) station. The obligations of the Fund were set out in an agreement known as the Nuclear Decommissioning Agreement. The Fund had an initial endowment of £232   million and thereafter received £4   million

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