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      Question

      A company limited by shares means a company having the

      liability of its members limited by the memorandum ____________
      A To the amount, if any, secured on the shares respectively held by them Correct Answer Incorrect Answer
      B To the amount, if any, paid on the shares respectively held by them Correct Answer Incorrect Answer
      C To the amount, if any, unpaid on the shares respectively held by them Correct Answer Incorrect Answer
      D To such amount as the members may undertake to contribute to the assets of the company in the event of its being wound up Correct Answer Incorrect Answer
      E To such amount as the members may undertake to contribute to the assets of the company Correct Answer Incorrect Answer

      Solution

      Section 2(22) company limited by shares- “company limited by shares” means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them.

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