Corporate law,Private limited company
Types of private limited company
Is there more than one type of private limited company?
By  Anonymous  |  16 May 2016  |  Upvotes: 0  | 

1 Answer(s)

Deepika Gill
Advocate

Yes. There are private companies limited by shares and private companies limited by guarantee. The former means that the shareholders’ liability is capped at the amount unpaid on their shares (including the nominal amount and any premium on top). The latter means the shareholders’ liability is capped at the amount they have agreed to commit to the company.

Upvotes: 0  |  Downvotes: 0  |  Comments  | 
Login to comment