Company limited by shares: members' liability confined to unpaid amounts on their shares, limiting investor exposure. A company limited by shares is a corporate form where each member's liability is limited by the memorandum to the amount, if any, unpaid on the shares ... Summary
Company limited by shares: members' liability confined to unpaid amounts on their shares, limiting investor exposure.
A company limited by shares is a corporate form where each member's liability is limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them, thereby capping shareholder obligation to unpaid calls on share capital.
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