Public Company Limited by Guarantee What is Public Company Limited by Guarantee (CLG) ? CLG is an entity without share capital or shareholders. Instead, the members act as guarantors and agree to pay a fixed amount if the company fails. Unlike companies that distribute profits to shareholders, CLG cannot distribute profits to its members in the form of dividends, bonuses, or otherwise. Instead, they keep the profits in the company and reinvest them. CLG is registered with the