Definition
IEC standards, developed by the International Electrotechnical Commission (IEC), define international norms for the design, manufacturing, and testing of electrical, electronic, and related technologies. These standards promote interoperability, safety, and efficiency in the use of electrical and electronic devices, systems, and equipment, facilitating international trade and technological innovation.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.