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Business Studies

Promotion of a Company

Liability Of ...

Question

Liability Of A Member In Case Of A Private Company Is-

A

Limited

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B

Unlimited

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C

Both (A) Or (B)

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D

None Of The Above

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Solution

The correct option is B
Unlimited

The answer is B. Unlimited
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Similar questions

Q. If a company suffers heavy issues and its assets are not enough to pay off its liabilities, the balance can be recovered from the private assets of its members.

Q. Fill in the blanks:
(a) A company is legally _______ from its members.
(b) Liability of every member in a company is _________.
(c) Registration of a company is _________.
(d) A company is managed by a _______.
(e) In a private company, there must be at least ________ members.
(f) A company has _______ succession.

Q. XYZ private company had reduced to minimum number of members and continued business more than 6 months. The company's liability will be ______________.

Q. Number of members who should sign the MOA in case of private company is ____________.

Q. Minimum number of members to form a private company is _______.

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