Dear Sir,
1. A company wants to convert its members' liability from limited into unlimited.
2. Does any resolution to be passed in AGM or EGM?
3. If it so, kindly in for the Resolution name.
Thank you.
With regards,
R. Marimuthu.
i think you cant. The liability of the members in a company if limited by share is liable only to the extent of amount remaining unpaid on shares and incase of guarantee given by members then to the extent of guarantee given by them.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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