Match the LIST-I with LIST-II
LIST-I LIST-II A. Limits the number of its members to 200 (excluding its employees). I. Companies Limited by Shares B. The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up. II. Private Company C. The liability of its members is limited to the extent of the nominal value of shares held by them. III. Public Company D. Invites the public to subscribe for its shares. IV. Companies Limited by Guarantee
Choose the correct answer from the options given below:
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | Limits the number of its members to 200 (excluding its employees). | I. Companies Limited by Shares |
| B. | The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up. | II. Private Company |
| C. | The liability of its members is limited to the extent of the nominal value of shares held by them. | III. Public Company |
| D. | Invites the public to subscribe for its shares. | IV. Companies Limited by Guarantee |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
The 200 member ceiling defines a private company (II). Liability limited to a guaranteed contribution on winding up describes a company limited by guarantee (IV). Liability limited to the nominal value of shares describes a company limited by shares (I). Inviting public subscription describes a public company (III).
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