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प्रश्न
Explain the following term/concept.
Company limited by guarantee
उत्तर
(1) A company limited by guarantee is the one in which the liability of members is limited to the amount of guarantee given by them. This type of company may or may not have a share capital.
(2) Each member of the company promises to pay a fixed amount of money specified in the Memorandum of Association in the event of the dissolution of the company for the payment of the liabilities and debts of the company.
(3) Usually, profit-making is not the aim of such companies. They are usually formed to promote activities in art, literature, sports, education, religion, or other such non-trading activities.
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संबंधित प्रश्न
Short Answer Question
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Study the following case/situation and express your opinion.
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c) How many maximum number of members can this company have?
Study the following case/situation and express your opinion.
On 1st Jan, 2018 Mr. John bought 100 shares of TIPS Paints Ltd. The face value of each share was Rs. 10. Mr. John paid the full amount of Rs. 1000. In Dec, 2018 the company suffered a loss of Rs. 10 crores.
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c) Explain the feature briefly.
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Sole Trading concern and Joint Hindu Family Business.
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What is meant by Foreign Company?
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Restricts the right to transfer of shares for ______.
In case of a public company, it must have at least _____ Directors.
Maximum number of members in a Public Company.
