MGT401 GDB Solution Fall 2012

Professionals’ Group Associates (PGA) – a professional promoter has recently conducted a test for its yearly recruitment. In the test, one of the questions was about the name of a prime document providing the status of the “members’ liability” in any company working in Pakistan. This document along with other documents is required for the registration of a joint stock company in Pakistan.


You are required to:

  1. Mention the name of the document carrying the status of “members’ liability”;
  2. Briefly describe the true meaning of “member’s liability”; &
  3. How a company can be recognized as a limited liability company through its name?
Solution Coming Soon…