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Guarantee Meaning in Urdu
Guarantee
Meanings
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Guarantee Meaning In Urdu with Detail
In British and Irish company law, a company limited by guarantee (CLG) is a type of corporation used primarily (but not exclusively) for non-profit organisations that require legal personality. A company limited by guarantee does not usually have a share capital or shareholders, but instead has members who act as guarantors of the company’s liabilities: each member undertakes to contribute an amount specified in the articles (typically very small) in the event of the insolvent winding up of the company.