The liability of shareholders in a Joint Stock Company is __________.

limited

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unlimited

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constant

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none of these

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Solution

The correct option is C limited
The liability of the members in a joint stock company is limited while company itself has unlimited liability since it has its existence in the eyes of law and is considered as an artificial person and members are not required to pay debts from their personal assets.

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The liability of a shareholder in a company is limited to the extent of the _________ of shares

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