New RBI Grade B 2024 Batch 7 45+ 20 Days Study Plan; Download Now !!!
Register

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.

Practice Next
×
×