Question

A company that has the liability of its members limited by the Memorandum of Association to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up it termed______________.

• A. Limited Liability Company
• B. Public Limited Liability Company
• C. General Limited Liability Company
• D. Company Limited by Guarantee

Answer 1

The correct option is D Company Limited by Guarantee

The company and is very important document as it contains the Such an act is not enforceable and directors involve personal liability for it by shares or by guarantee shall also state that the liability of its members is limited. to contribute to the assets of the company in the event of its being wound up .