New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A company limited by shares is a type of company where

    the liability of its members is ________________
    A Limited to the amount paid on the shares held by them Correct Answer Incorrect Answer
    B Unlimited to the amount unpaid on the shares held by them Correct Answer Incorrect Answer
    C Unlimited to the amount unpaid, if any, on the shares held by them Correct Answer Incorrect Answer
    D Limited to the amount unpaid, if any, on the shares held by them Correct Answer Incorrect Answer
    E To the amount up to which each member undertakes to contribute Correct Answer Incorrect Answer

    Solution

    Section 4. Memorandum: (1)(d)(i) in the case of a company limited by shares, that liability of its members is limited to the amount unpaid, if any, on the shares held by them.

    Practice Next