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of <h1>Understanding 'Company Limited by Shares' Under Section 2(21) of the Companies Act, 2013: Member Liability Explained</h1> A 'company limited by shares' is defined under section 2(21) of the Companies Act, 2013, as an entity where the liability of its members is restricted by the memorandum to any unpaid amount on the shares they hold. This definition is subject to contextual requirements as outlined in the Companies Law Ready Reckoner.
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