Articles of Association — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCArticles of Association2 Marks
Question
Which company is called limited by Guarantee and not having share capital?
✓
Answer
The company in which the liability of the members in the event of its liquidation is limited to the extent of the contribution agreed to be paid in the assets of the company as per the Memorandum of Association, it is called a company limited by Guarantee and not having share capital.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.