CUET Preparation Today
| Liability of a shareholder is limited to how much value of the shares allotted to him : |
Paid Up value Called Up Value Face Value Unlimited |
| Face Value |
| Companies Limited by Shares: In this case, the liability of its members is limited to the extent of the nominal value of shares held by them. If a member has paid the full amount of the shares, there is no liability on his part whatsoever may be the debts of the company. He need not pay a single paise from his private property. However, if there is any liability involved, it can be enforced during the existence of the company as well as during the winding up. |
