The liability of the shareholders of a company is?
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If it is a company limited by shares
Amount unpaid in the shares held by every member
If it is a company limited by guarantee
Amount guaranteed by every member.
If it is a company limited by guarantee and having share capital
Aggregate of the amount unpaid on the shares held by a member and the amount guaranteed by him.
If it is a Unlimited Company
Every member is liable to contribute to the assets of the company until all the debts of the company are paid in full.
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