Articles of Association — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCArticles of Association1 Mark
Question
What is a company with limited share capital by guarantee?
✓
Answer
A company whose liability is limited to the amount agreed to contribute to the company's assets as per the application form when the liability of the members of the company arises in case of termination of the company, is called a limited liability company.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.