Practicing Success
Practicing Success
CUET Preparation Today
| The liability of the members of the company is strictly limited to the extent of the.................. value of shares held by each of them. |
Nominal Paid up Called up Half |
| Nominal |
| 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. |
