what is sec 3A?

MCA UPDATE 😊 ■ MCA has extended the last date of filing DIR -3KYC without any filing fees upto 15/09/2018 from 31/08/2018. ■ The fees of ₹5,000/- shall be applicable & payable on all delayed filings w.e.f 16/09/2018.

Section 3A was inserted under the companies( amendedment) act, 2017 ,Which says that in the case of Private company( except OPC) ,No. of member reduced below the minimum statutory requirement of 2 and in case of public company below 7 , and company continues to run the business with such reduced no. of members for more than 6 months ,than every person who is a member of the company when the no. of members reduced below statutory threshold shall held personally liable for all the debts entered by company during that time period,

the same provisions were also under section 45 of erstwhile companies act, 1956 but done away in new act of 2013 which is again reintroduced in amendment act of 2017 ...