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Sec.36 of companies act

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(Querist)
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
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Amol S Joglekar

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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.
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Jimi KR

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Jimi KR (Querist)
14 September 2012 Thank u for ur reply... Sir can u pls explain whether the company is bound just as its members or not?
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Kumar Gaurav

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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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Jimi KR

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Jimi KR (Querist)
15 September 2012 Thank u for your guidance...
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