A company whose liability is limited to the amount agreed to contribute to the company's assets as per the application form when the liability of the members of the company arises, is called a company with limited liability under guarantee. Such regulations include the following:
1. Number of Members: For the purpose of registration of a company the number required is 100. The company may increase the number of its members as per its requirements.
2. General Meeting: All the meetings except General meeting will be considered as special meetings.
3. Rules regarding conducting of General Meeting.
4. Procedure for Adjournment of Meeting.
5. Rules regarding Voting Rights
6. Board of Directors and regulation of their meetings.
7. Chief Administrative Officer, Manager, Company Secretary, Chief Financial Officer and their appointment -rules to remove them.
8. Rules regarding common seal/stamp.