Read the following. What do you find in common? What do they mean to you? Tamil Nadu Newsprint and Papers Limited (TNPL) Bharath Heavy Electricals Limited (BHEL) Infosys Limited Indial Oil Corporation Limited
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Bharat heavy electrical limited Infosys
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Limited Liability
Explanation:
- One of the features of a company is that it has Limited Liability.
- The liability of every shareholder of a company is limited to the amount he has agreed to pay to the company on the shares allotted to him.
- If such shares are fully paid up, he is subject to no further liability.
- Here we can find that every company has "Limited" at the end of each name.
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