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Section 3: Limited and unlimited companies

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 1: General introductory provisions

If their liability is limited to the amount, if any, unpaid on the shares held by them, the company is "limited by shares".

If their liability is limited to such amount as the members undertake to contribute to the assets of the company in the event of its being wound up, the company is "limited by guarantee".

If there is no limit on the liability of its members, the company is an "unlimited company".

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.