Site navigation

Which of the following correctly describes a company limited by shares?

Section 2(22) defines a company limited by shares as one where member liability is limited by the memorandum to the amount unpaid on shares held, not unlimited,…

Choose your answer

Which of the following correctly describes a company limited by shares?

Select one answer
Answer and explanation

Correct answer B

Section 2(22) defines a company limited by shares as one where member liability is limited by the memorandum to the amount unpaid on shares held, not unlimited, turnover-based, or fixed only after winding up.

Practice for these exams

Related exam syllabi

Related questions in this topic