Practicing Success
Practicing Success
CUET Preparation Today
| The liability of members of a company is limited by a guarantee is limited to which of the following? |
Unpaid value of shares
Guaranteed Amount
Unlimited Liability
None of these
|
| Guaranteed Amount |
| Section 2(21) of Companies Act 2013 defines companies limited by guarantee as ''a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up. |
