The liability of members in case of company limited by guarantee is ........

Companies Act-Phase (I & II) Introduction to Company Act

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The liability of members in case of company limited by guarantee is:

Guaranteed Amount

Unlimited liability

Unpaid value of shares

None of the above

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Explanation:

As per Section 2(21) of Companies Act, 2013, company limited by guarantee means a company having liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up.