- 6374 Views
- 31 Jul 2021
- Gaurav Agarwal
- Corporate Law, Companies Act 2013, Amendments, Updates, Knowledge, Compliance,
Limited Liability is one of the most important features of the corporate form of business organization. In a company, the members’ liability is limited only to the amount unpaid on their shares. Once the shares are fully paid up, the members have no further liability for any of the outstanding debts of the company. However, this privilege may not hold good at all times. Member of a limited ......