Table J : Articles of Association with unlimited liability and not having Share Capital:
The liabilities of the members of such company is unlimited. There is no share capital in such company. In such companies also just like sole proprietorship or partnership firm the liabilities of the members are unlimited. It means that when the company is to be wound up , if the company does not have sufficient assets to realize its debt, the same is to be realized from the personal assets of its members.
Such company may be commenced with 100 members. However depending upon the requirement, the Board of Directors may increase the number of its members from time to time.
The Articles of Association prescribed in Table H is also applicable to such companies over and above Table J.