Question

Q12. Suppose Ankit is a shareholder in a company holding 500 shares of Rs
10 each on which he has already paid Rs 8 per share.His liability in the event
of losses or company's failure to pay debts can be only upto what amount?​

Answer 1

Answer:

Usually, if you are a director (or acting as a director), you are not personally liable for paying the company's debts. This means that if the limited company does not pay its debts and a creditor takes court action, only the company assets are at risk. However, you can be made personally liable for the following.

Answer 2

Answer:

5000 rupees is the answer