Company Affairs (CS) Interview Question:

Define if you know company limited by guarantee?

Submitted by: Administrator

Companies where liability of members is always limited to a fixed amount agreed by its members to contribute towards the assets of the company is known as a company limited by guarantee. In such companies the articles shall state the number of members with which the company is to be registered. Thus, the amount promised to pay by a member of a company limited by guarantee is called the guarantee.
Submitted by: