What is a company limited by shares?

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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 -
    • with a share capital consisting of par value shares; or
    • Authorization to issue no-par value shares;

You can find more and further information in our Lexicon/Glossary or in the IBC Act.

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