Formation of a Company — Secretarial Practice STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeFormation of a Company2 Marks
Question
Company limited by Guarantee
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Answer
A company where members guarantee to contribute a certain amount of money either to the assets of the company, at the time of winding up of the company, or towards the cost of winding up of the company.
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