23 April 2014
in winding up is the liabilityof past or present members(as contributors) limited to unpaid amt. on shares? if shares are fully paid up then contribution required?
24 April 2014
Sec. 467 In the case of a company limited by shares, any past or present member is not required to contribute in excess of the amount, if any, unpaid on the shares in respect of which he is liable as such member.
CAclubindia
