Multiple choice

A company limited by shares means a company having the liability of its members

  1. limited to the amount, if any, unpaid on the shares respectively held by them

  2. unlimited to the amount, if any, unpaid on shares respectively held by them

  3. as specific liability

  4. No such liability is there

  5. None of these
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A Correct answer
Explanation

(1) Company limited by shares means a company having the liability of its members limited to the amount, if any, unpaid on the shares respectively held by them.

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