Subscriber to memorandum not a shareholder if amount unpaid

Others 1785 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: 288 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......


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