Liability of members in a company limited by guarantee arises:

CS CSEET · Business Laws and Management · PYQS · October 2026
Liability of members in a company limited by guarantee arises:
(A) At incorporation
(B) Only when company goes into liquidation
(C) Always during operations
(D) At share transfer

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Only when company goes into liquidation.

Topics: Company Law

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