What is or means a company limited by guarantee?

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company limited by guarantee

What is or means a company limited by guarantee?

company limited by guarantee is a company whose memorandum of association limits the liability of all its members to a fixed amount, in which each member thereby undertakes to contribute to the assets of the company in the event of its dissolution by way of guarantee and not by reason of holding a share;

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

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