The Companies Act, 2013
CHAPTER II: INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO
Section 3A: Members Severally Liable In Certain Cases
Bare Act
3A Members severally liable in certain cases - If at any time the number of me… Read the complete text with KanoonGPT Pro.
Simplified Act
When Company Members Can Be Personally Liable - If a public company h… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine a private company named QuickTech Pvt. Ltd., which originally had three directors and shareholders. Over time, two directors decide to leave the com… Read the complete text with KanoonGPT Pro.
