- a business which is owned by not less than two persons and not more than 50 persons and which restricts the right of the shareholders to transfer shares. Such a business is a separate legal entity and must use the words Proprietary Limited (Pty Ltd) after it name. Glossary of Business Terms
* * *proprietary company proprietary company ➔ company
* * *proprietary company UK US noun [C]► a company that owns enough shares of another company to control it: »
Mutuals delivered better returns than proprietary companies.► LAW in Australia, New Zealand, and South Africa, a type of limited company (= one whose owners only have to pay part of the money they owe if it fails). Proprietary companies have the letters Pty after their name.
Financial and business terms. 2012.
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Proprietary company — A proprietary company is a form of corporation in Australia that is limited by shares. However, unlike a public company there are, depending on jurisdiction, restrictions on what they can and cannot do.In Australia, a proprietary company is… … Wikipedia
proprietary company — /prəˌpraɪət(ə)ri kʌmp(ə)ni/ noun US a company formed to invest in stock of other companies so as to control them. Abbreviation pty (NOTE: The UK term is holding company.) … Dictionary of banking and finance
proprietary company — noun 1. : a corporation owning all or a controlling number of the shares of another corporation 2. : a company owning land that it leases or sells to other corporations 3. Britain : a privately owned company the shares of which are not offered to … Useful english dictionary
proprietary company — See: Pty … Accounting dictionary
proprietary company — See Pty … Big dictionary of business and management
Broken Hill Proprietary Company — noun The See BHP Billiton. Also, Colloquial, the Big Australian … Australian English dictionary
company — a business owned by a group of people called shareholders, which has its own legal identity separate from its owners. Glossary of Business Terms A proprietorship, partnership, corporation, or other form of enterprise that engages in business.… … Financial and business terms
Proprietary — The word proprietary indicates that a party, or proprietor, exercises private ownership, control or use over an item of property.Terms relating to Proprietary include: *Proprietary bottling *Proprietary church *Proprietary colleges *Proprietary… … Wikipedia
proprietary limited company — noun a company with a limit of fifty shareholders, which cannot issue shares for public subscription and which is not listed on the stock exchange; shareholders enjoy limited liability, on liquidation. Also, proprietary company … Australian English dictionary
Proprietary software — is computer software licensed under exclusive legal right of the copyright holder. The licensee is given the right to use the software under certain conditions, but restricted from other uses, such as modification, further distribution, or… … Wikipedia