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Guaranteed by Share.& Limited by Guarantee.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2010 please imform me in breif if possible about Guaranteed by Share..& Limited by Guarantee.
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Bindu Madhav

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Bindu Madhav (Expert)
11 May 2010 Limited by guarantee is in general used to establish the non-profit organisations (NGOs) / Clubs etc., In this case, there will not be any share capital instead there will be 'guarantee' given by the members.
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