The following companies can be established under the Companies Law CAP 113:
– Company with limited liability by shares;
A company with limited liability by shares is one where the members’ liability is limited to the nominal value of shares subscribed by them. This company can be a private company or public company. A private limited liability company is the most commonly used (see below further information for the requirements of incorporation) and it differs from a public company in that its articles of association specifically restrict the right to transfer shares, limit the number of members to fifty and prohibit the subscription of shares or debentures to the public.
– Company with limited liability by guarantee.
A company with limited liability by guarantee is one where the members’ liability, on a winding up, is limited to the extent agreed by the members