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Under the Companies Act, 2013, in a company limited by guarantee, the liability of members is limited by:

Under s.2(21), in a company limited by guarantee, member liability is limited by the memorandum to the amount each member undertakes to contribute, not by the articles, a…

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Under the Companies Act, 2013, in a company limited by guarantee, the liability of members is limited by:

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Correct answer B

Under s.2(21), in a company limited by guarantee, member liability is limited by the memorandum to the amount each member undertakes to contribute, not by the articles, a board resolution, or a share certificate.

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