Subscriber to memorandum not a shareholder if amount unpaid

1809 views 7 replies

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: 293 times
Replies (7)

Thank you for sharing valuable information.

Very useful information, thanks for sharing

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

Thanks a lot for valuable update.

 

Ankur

Thanks dear for sharing the information.

Tnks for sharing :)

 

 

 

Hi

 

 

Thanks for sharing valuable information......

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details