Proprietary Company

Proprietary Company
A proprietary company, commonly marked with the suffix 'Pty' or 'Pty Ltd,' is a type of privately held business entity predominantly associated with Australia. Such companies have restrictions on the transferability of shares and are limited to a maximum of 50 shareholders.
Pty
An abbreviation for proprietary company, used primarily in Australia and the Republic of South Africa to denote private limited companies.

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