Janet Jackson defies divorce rumours by celebrating 49th birthday with husband Wissam al Mana. They were rumoured to be on the verge of divorce but Janet Jackson is said to have spent her 49th birthday with her beloved husband Wissam al Mana.
private limited company. A type of company that offers limited liability, or legal protection for its shareholders but that places certain restrictions on its ownership. These restrictions are defined in the company's bylaws or regulations and are meant to prevent any hostile takeover attempt. the number of shareholders cannot exceed a fixed figure (commonly 50).
A Private Company (Pty limited) is treated by South African law as a separate legal entity and has to register as a tax payer in its own right. A Private Company (Pty limited) has a separate life from its owners and is required by the The Companies Act, No 71 of 2008 to perform rights and duties of its own.The owners of a Private Company (Pty limited) are shareholders. A Private Company ((Pty) limited) articles must restrict the right to transfer its shares, and prohibit any offer to the public for the subscription of any shares or debentures of the company. 2  A Private Company ((Pty) limited) cannot, therefore, be listed on the stock exchange.