Directors, etc., with unlimited liability in limited company.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y the memorandum, be unlimited. (2) In a limited company in which the liability of a director, [2] [* * *] or manager is unlimited, the directors, [3] [* * *] and the manager of the company, and the member who proposes a person for appointment to the office of director, [4] [* * *] or manager, shall add to that proposal a statement that the liability of the person holding that office wi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... --------------------------------------------- Notes:- [1] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. as provisions relating to managing agents, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969. [2] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. as provisions relating to managing agents, secret .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... provisions relating to managing agents, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969. [7] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. as provisions relating to managing agents, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969. [8] Substituted for "one thousand rupees" by the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X