The liability of shareholders of a public company is limited to the _________.
A. nominal value of shares
B. extent of their private assets
C. paid up value of shares
D. accounts called up
Answer: Option C
Solution(By Examveda Team)
The liability of shareholders of a public company is limited to the paid up value of shares. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the paid up value of the shares and any premium paid in return for the issue of the shares by the company.This Question Belongs to Commerce >> Business And Commerce
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Option A is the right answer
Its wrong
Right answer is nominal value of shares