Transfer of Membership In A Company Limited By Guarantee

A company limited by guarantee is a private company where the liability of the members is limited by the company’s constitution.[ Sub-section 21 of Section 2 of the Companies Act, 2013.] The limit is set out in the Memorandum of Association to such amount as the members may respectively undertake to contribute in the event of winding up of the company. Generally, on becoming a member of a company limited by guaranteeA company limited by guarantee is a private company where the liability of the members is limited by the company’s constitution.[ Sub-section 21 of Section 2 of the Companies Act, 2013.] The limit is set out in the Memorandum of Association to such amount as the members may respectively undertake to contribute in the event of winding up of the company. Generally, on becoming a member of a company limited by guaranteetaxmann.com Latest ArticlesRead More

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