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 proprietary company is a form of privately held company in Australia and South Africa that is either limited or unlimited.However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do.In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth).The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders).n Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth). The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders).