• 1 Marks

BL – May 2013 – L1 – SA – Q8 – Company Law

This question tests knowledge of the type of company that must not have share capital.

A company that must NOT have share capital is ___________.

Company Limited by Guarantee
Explanation:
The correct answer is Company Limited by Guarantee because this type of company does not require share capital and is often used for non-profit organizations.

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