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if the properties of a company. are insufficient to repay all its debt can the balance amount be repaid with the private properties of the members of that company give reason

Posted by Raju Raju 4 years, 11 months ago

CBSE > Class 11 > Business Studies

2 answers

Sakshi Singh 4 years, 11 months ago

No it is not possible because in case of company form of business all the members have limited liability

0Thank You

Yogita Ingle 4 years, 11 months ago

No, it is not possible because the liability of all members of the company is limited to the extent of amount invested by them in the company. So, their private assets will not be involved in this situation.

0Thank You

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