Subscriber to memorandum not a shareholder if amount unpaid

Dear friends,

CLB Mumbai Bench in its order (copy attached) has held that a subscriber of Memorandum of Association of a company is not a shareholder if he has not paid subscripttion amount and accordingly he cannot file petition u/s 397-398 of Companies Act 1956.

Thanks

Attached File : 9367 936367 subscriber not member if amount not paid clb.doc downloaded: 262 times

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P C Agrawal

prakash

Parashar

Very useful information, thanks for sharing

Thanks a lot for bringing this order in our knowledge. Really helpful and informative.

Ankur Garg

Thanks a lot for valuable update.

CS Aditya Agrawal

Abhiram Sharma

Ajay Mishra

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