Definition of proprietary company in English:

proprietary company

noun

Australian, NZ
  • A company whose shares may not be offered to the public for sale; a private company.

    ‘it can indulge its customers in a way proprietary companies cannot’
    • ‘The applicant is a private proprietary company operating a regional country airline.’
    • ‘That was a case involving a dispute between two factions in a proprietary company.’
    • ‘The use of a limited liability company rather than a proprietary company is curious.’
    • ‘A proprietary company must have at least one director.’
    • ‘Work for proprietary companies is often described as continually "reinventing the wheel": progress is kept secret and work duplicated.’
    • ‘Proprietary companies are releasing Open Source programmes.’
    • ‘For taxation purposes, proprietary companies should also ensure that profits are available for distribution and are validly paid as dividends.’
    • ‘The client is a large proprietary company but as far as the directors are concerned the financials are private information.’
    • ‘I am contemplating buying all the shares in a proprietary company that carries on a small business.’
    • ‘The issue is most likely to arise in relation to proprietary companies.’