Question

explain the terms or concepts company limited by gurantee​

Answer 1

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Company limited by guarantee is also termed as Guarantee Company. In a simpler term, it's a company without any shareholders but it is owned by members called guarantors who agrees to pay a nominal amount in the event of company's being wound up. It's a specific form used for non-profit organisation.

Answer 2

What is the meaning of company limited by guarantee? ... In a simpler term, it's a company without any shareholders but it is owned by members called guarantors who agrees to pay a nominal amount in the event of company's being wound up. It's a specific form used for non-profit organisation