Unlimited company in india
Members and shareholders are fully liable to cover its debts. Investment activity of ICICI etc. The main difference between a limited and unlimited company is in liabilities as given under. What is limited and unlimited company? What are the three types of companies in India? The share capital of the company is divided into number of shares. Hence members or partners are required to meet the needs of the company in varied aspects or debts without any limit over their liability at the time of liquidation. They are liable to cover its debts fully. An unlimited company is very much like a regular private company limited by shares. It must be registered with Companies House and have a memorandum and articles of association. Welcome to the world of Unlimited style and affordable fashion. Unlimited companies: a company not having any limit towards the liability of its members is an unlimited company. The registered companies (whether limited or unlimited) may be either pri...