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guarantee company
what do you mean by guarantee company.
Replies (11)
Read section 2(21) of Companies Act, 2013
The loyalty of the member of a guarantee company is linked upto a stipulated sum mentioned in the memorandum.
Members cannot be called upon to contribute beyond that stipulated sum.
Such Companies are generally incorporated with the intention of promotion of Trade, Arts, Science etc.
Members cannot be called upon to contribute beyond that stipulated sum.
Such Companies are generally incorporated with the intention of promotion of Trade, Arts, Science etc.
The liability** of member
who is the owner of guarantee company.
shareholders
but in guarantee company no. of share is nill.
I mean the one who gives Guarantee will be the owner
I mean the one who gives Guarantee will be the owner
I mean the one who gives Guarantee will be the owner
guaranter must be a share holder in guarantee company
guaranter must be a share holder in guarantee company
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