The liability of the members of the company is strictly limited to the extent of the.................. value of shares held by each of them.
Answer & explanation
Correct answer: option 1
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 for the debts of the company.