Which of the following describes a type of public company?
A) Share capital that is limited by shares.
B) Unlimited share capital.
C) Share capital that is limited by guarantee.
D) All of the above.

Question

Quizplus · Accepted Answer

All the given options describe different types of public companies. A public company with share capital that is limited by shares is a company in which the shareholders only have limited liability to the extent of the nominal value of their shares. An unlimited share capital company, on the other hand, allows shareholders to subscribe to an unlimited number of shares, and their liability is not limited to the nominal value of their shares. A public company with share capital limited by guarantee is a company in which the members' liability is limited to the amount they agree to contribute to the company in case of liquidation.

Which of the Following Describes a Type of Public Company