Question

The term company Limited by shares is defined in section _________ of Companies Act, $2013$.

• A. $2\left(10\right)$
• B. $3\left(5\right)$
• C. $2\left(22\right)$
• D. $2\left(1\right)$

Answer 1

Answer: (C)

$2\left(22\right)$

As per section 2(22) of the Companies Act 2013, "A company limited by shares is a company whose shareholders have a liability limited to the extent of the amount unpaid, if any on the shares held by the shareholders."