Sec.36 of companies act
This query is : Resolved
14 September 2012
Anybody pls explain the legal relationship between the company and members on registering MOA and AOA as per Sec 36 of Companies Act
Amol S Joglekar
(Expert)
14 September 2012
Members are collectively the OWNERS. In the case of limited liability, the liability of members. is , however limited to the amount subscribed.
14 September 2012
Thank u for ur reply... Sir can u pls explain whether the company is bound just as its members or not?
Kumar Gaurav
(Expert)
15 September 2012
Members Liability depends upon the type of Company whether limited by share or guarantee or ............ Just go through Section 12, you will clearly get what Section 36 is saying
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