Question

classification of business on the basis of liability​

Answer 1

Answer:

(1) Companies limited by shares, (2) Companies limited by guarantee, and (3) Unlimited companies.

Answer 2

Hello !

 Companies limited by shares:

These types of companies are mentioned in Section 2(22) of the Companies Act, 2013. The liability of the members of such a company is based upon the number of shares kept unpaid.The liability may be enforced during the company's existence and even during its winding-up process.

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