Types of company in company law: A Comprehensive Guide (2024)

 Business / by kalai vani / 10 views

It is the most common type of Private Limited Company. Here the company is having the liability of its members limited by the memorandum to the amount if any, unpaid on the shares respectively held by them.
In this type of limited company, the liability of its members is restricted to the level of the nominal value of shares occupied by them. If the shareholders have paid the complete amount of their shares, then there is no liability on their side. (whatever may be the debts of the enterprise.) They need not pay a single rupee from their private property. This type of company is well known type in the market.

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