What is Company limited by guarantee? and various other definition

What is Company limited by guarantee? and various other definition

2(18)      “Chief Executive Officer      means an officer of a company, who has been designated as such by it;

2(19)      “Chief Financial officer”        means a person appointed as the Chief Financial Officer of a company;

2(20)      “company”     means a company incorporated under this act  or under any previous company law;

2(21)      “company limited by guarantee”     means a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up;

2(22)      “company limited by shares”    means a company having the liability of its member limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them;

2(23)      “company liquidator”        means a person appointed by the tribunal as the company liquidator in accordance with the provisions of section 275 for the winding up of a company under this act;]

2(24)      “company secretary” or “secretary”     means a company secretary as  defined  in clause © of sub-section (1) of section 2 of the company secretaries Act 1980 (56 of 1980) who is appointed by a company to perform the function of a company secretaries under this Act;

2(25)     “Company secretary in practice”     means a company secretary who is deemed to be in practice under sub-section(2) of section 2 of the company secretaries Act, 198(56 of  1980);

   

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