banner_ad

liability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 November 2010 hello,
what is the liability of the share holders in t he case of............
*unlimited company having share capital
*unlimited company having no share capital
can u cite an ex of an existing unlimited co
regards,
pavani.
Profile Image

Nikhil Kothari

Profile Image

Nikhil Kothari (Expert)
06 November 2010 1)The liability of the shareholder is limited to the extent of shares held in case of Company limited by shares.
2)The liability of the shareholder is guarantee undertaken in case of Company limited by guarantee.( No share capital company)

Exception to the above is Sec 45, Sec 323 & Sec 542

As per Companies Act, 1956 a company cannot be an Unlimited Company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details