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What is a company limited by guarantee? - Commercial Applications

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प्रश्न

What is a company limited by guarantee?

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उत्तर

A company limited by guarantee is a type of registered company where the liability of each member is limited to the amount they have undertaken to contribute to the company’s assets in the event of winding up. This guaranteed amount is stated in the memorandum of association and may vary among members.

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अध्याय 4: Ownership Structures - Joint Stock Company - EXERCISES [पृष्ठ ५४]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 4 Ownership Structures - Joint Stock Company
EXERCISES | Q II. 11. | पृष्ठ ५४
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