Difference between revisions of "private company limited by guarantee"
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(Changed [en] description: In a Private Limited Company – limited by guarantee, the liability of the members is limited to the amount of liability undertaken by each of the members in the Memorandum of Association. Therefore, the members of...) |
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| - | + | In a Private Limited Company – limited by guarantee, the liability of the members is limited to the amount of liability undertaken by each of the members in the Memorandum of Association. Therefore, the members of a Private Limited Company – Limited by Guarantee cannot held liable for an amount higher the amount of guarantee undertaken by the member in the Memorandum of Association. Further, the guarantee of the members in a Company Limited by Guarantee can be called-for only in the case of winding-up of the Company. When the company is a going concern, the guarantee of the members of a Company Limited by Guarantee cannot be revoked. | |
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| property / subclass of: privately held company / rank | |||
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| property / subclass of: company limited by guarantee / rank | |||
| + | Normal rank | ||
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| property / part of: Company Registry of India Data Model / rank | |||
| + | Normal rank | ||
Latest revision as of 08:23, 14 June 2018
In a Private Limited Company – limited by guarantee, the liability of the members is limited to the amount of liability undertaken by each of the members in the Memorandum of Association. Therefore, the members of a Private Limited Company – Limited by Guarantee cannot held liable for an amount higher the amount of guarantee undertaken by the member in the Memorandum of Association. Further, the guarantee of the members in a Company Limited by Guarantee can be called-for only in the case of winding-up of the Company. When the company is a going concern, the guarantee of the members of a Company Limited by Guarantee cannot be revoked.
| Language | Label | Description | Also known as |
|---|---|---|---|
| English |
private company limited by guarantee
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In a Private Limited Company – limited by guarantee, the liability of the members is limited to the amount of liability undertaken by each of the members in the Memorandum of Association. Therefore, the members of a Private Limited Company – Limited by Guarantee cannot held liable for an amount higher the amount of guarantee undertaken by the member in the Memorandum of Association. Further, the guarantee of the members in a Company Limited by Guarantee can be called-for only in the case of winding-up of the Company. When the company is a going concern, the guarantee of the members of a Company Limited by Guarantee cannot be revoked.
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- wikidatawiki Q6516200
