CBSE Class 11-commerce Answered
can creditors claim only to the extent of the companys assetcooperative socities and companies ??
Asked by Raju | 09 Feb, 2018, 10:29: PM
Expert Answer
Yes, the liability is restricted to the amount of capital contributed by the members in the society. Personal assets cannot be used to repay business debts.
Answered by Tharageswari S | 10 Feb, 2018, 02:56: PM
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