Company Limited By Guarantee

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company limited by guarantee
company that in the event of its breakup its owners will be responsible for its debts in an amount that was determined in advance


Wikipedia English The Free EncyclopediaDownload this dictionary
Company limited by guarantee
In British or  Irish company law, a company limited by guarantee is an alternative type of corporation used primarily for non-profit organisations that require legal personality. A guarantee company does not have a share capital, but has members who are guarantors instead of shareholders. The guarantors give an undertaking to contribute a nominal amount (typically £1) towards the winding up of the company in the event of a shortfall upon cessation of business. It cannot distribute its profits to its members, and is therefore eligible to apply for charitable status if necessary.
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This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

UNODC Money Laundering Terms DictionaryDownload this dictionary
Company Limited By Guarantee
An incorporated entity without share capital.

Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.

English To Urdu LughatDownload this dictionary
company limited by guarantee
Eng: company limited by guarantee
Urdu: کمپنی محدود ضمانت ۔ کمپنی کی دی ہوئی ضمانت ۔
  

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