TYPES OF COMPANIES UNDER THE COMPANIES ACT 2013
| TYPE OF COMPANY | LIABILITY | GUARANTEE | SHARE CAPITAL |
|---|---|---|---|
| Company Limited by Shares | The liability of the members is limited to the amount unpaid, if any, on the shares held by them. | Not Applicable | The share capital of the company is divided into number of shares. |
| Company Limited by Guarantee having Share Capital | The liability of the members is unlimited. | Every member of the company undertakes to contribute: (i) to the assets of the company in the event of it being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member; and (ii) to the costs, charges and expenses of winding up | The share capital of the company is divided into number of shares. |
| Company Limited by Guarantee having no Share Capital | The liability of the members is unlimited. | Not Applicable | |
| Unlimited Company having Share Capital | The liability of the members is unlimited. | Not Applicable | The share capital of the company is divided into number of shares. |
| Unlimited Company not having Share Capital | The liability of the members is unlimited. | Not Applicable | Not Applicable |
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