|
TYPE OF COMPANY |
LIABILITY |
GUARANTEE |
SHARE CAPITAL |
|
Company Limited
by Shares |
The liability of
the members is
limited to the
amount unpaid,
if any, on the
shares held by
them. |
|
The share
capital of the
company is
divided into
number of
shares. |
|
Company Limited
by Guarantee
having Share
Capital |
The liability of
the members is
unlimited. |
Every member of
the company
undertakes to
contribute:
(i) to the
assets of the
company in the
event of it
being wound up
while he is a
member, or
within one year
after he ceases
to be a member,
for payment of
the debts and
liabilities of
the company or
of such debts
and liabilities
as may have been
contracted
before he ceases
to be a member;
and
(ii) to the
costs, charges
and expenses of
winding up |
The share
capital of the
company is
divided into
number of
shares. |
|
Unlimited
Company having
Share Capital |
The liability of
the members is
unlimited. |
Not Applicable |
The share
capital of the
company is
divided into
number of
shares. |
|
Unlimited
Company not
having Share
Capital |
The liability of
the members is
unlimited. |
Not Applicable |
Not Applicable |
|
|
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|
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