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company not having share capital

Corporate & Other Laws

What does it mean that a company doesnot have share capital? How can a company function without share capital? What is the difference between having and not having share capital?

Aman Mahajan

CA Final

★ 19K+

10-Jan-21 10:40

333

Answers (1)

A company without sharecapital functions on grants received. There could be guarantees given by shareholders. Generally seen in not for profit sector.