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Unlimited Company

Unlimited Liability Companies - Meaning and Definition

As defined under sub-section 92 of section 2 of the Companies Act, 2013 an unlimited company means a company not having any limit on the liability of its members.

A Company can be formed as an unlimited company under the said Act. 


Conversion of a Unlimited Company into Limited Company


An unlimited company may convert itself as a limited company by alteration of memorandum and articles of the company and following the provisions of section 18 and any other applicable provisions of the said Act.

Memorandum of Association

The Memorandum of Association of such unlimited company can be as per Table D (for companies having no share capital) & Table E (for companies having share capital) of Schedule I of the said Act.

Articles of Association
 
The Articles of Association of such unlimited company can be as per Table I (for companies having share capital) & Table J (for companies having no share capital) of Schedule I of the said Act.
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