Articles of Association — SPCC STD 11 Commerce — Question

Table-G: Articles of Association of a Company Limited by Guarantee and having Share Capital A company where the liabilities of its members as per the Memorandum of Association is limited to the extent of the amount of the shares purchased by the members is called company limited by Guarantee having share capital.
At the time of the registration of such companies the number of its members has to be 100 (one hundred). However as per the requirement of the company, the Board of Directors has powers to increase the number of its members from time to time.
Such companies have to prepare their Article of Association by accepting these provisions over and above Table-E.