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company limited by shares
company limited by shares
What is a company limited by shares?
company limited by shares means a company -
- whose memorandum limits the liability of all its members to the amount (if any) unpaid on the shares held by its members; and
- means a company with a share capital consisting of par value shares; or authorisation to issue no par value shares;
You can find more and further information in our Lexicon/Glossary or in the IBC Act.
