Please explain the company limited by guarantee

Dear Student

This topic has been discussed in detail in our study material. Kindly refer to the following link for the same: https://www.meritnation.com/cbse/class12-commerce/studymaterial/accountancy/company-accounts-and-analysis-of-financial-statements/accounting-for-share-capital/436_2433_5883

Hope this information clarifies your doubts!

Regards