Saturday, 29 August 2015

Company Formation Documents

Company Formation Documents
A company limited by guarantee or a “guarantee company” is a registered company having liability of its members limited by its memorandum to Company Formation such amount as the member may respectively undertake to contribute to the assets of the company in the event of its winding up. Clubs, trade associations and Company Formation societies for promoting different objects are examples of such a company. It should be noted that a special feature of this type of company is that the liability of members to pay Company Formation  their guaranteed amounts arises only when the company has gone into liquidation and not when it is a going concern

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