Question

A company limited by guarantee means a company having the liability of its members _____________

Q: Answer-A company limited by guarantee means a company having the liability of its members _____________

Section 221 company limited by guarantee- Company limited by guarantee means a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up.

A Limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up

B Limited by the articles to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up

C Limited to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up

D Unlimited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up

E None of the above

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A company limited by guarantee means a company having the liability of its members _____________

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