private limited company ( Ltd.)
A private limited company (Ltd.) under the Law is a legal person of which the registered capital is divided in 
					
					
					
					share
					
					The portion of registered capital of a private or public limited company 
					» Meer over share
					
					
					
					shares (
					
					
					
					share
					
					The portion of registered capital of a private or public limited company 
					» Meer over share
					
					
					
					stocks). The shares (stocks) are not freely transferable but are registered on name. Besides, the liability of the shareholders of the company is limited to the value of their shares (stocks). 
Private limited company
The limited company is private because the shares are not freely transferable. This is the main difference with a (Dutch) public limited company. In a public limited company (PLC, Inc.) the shares can be easily transferred as they do not have to be registered on name. All companies on 
					
					
					
					share
					
					The portion of registered capital of a private or public limited company 
					» Meer over share
					
					
					
					stock markets are therefore public limited companies.
In the Netherlands, the board of directors of a private limited company is required to keep a register of the shareholders and by how many shares (stocks) they participate in the capital.
