Obligations of directors and managers whose liability is unlimited.

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..... unlimited, shall in addition to his liability, if any, to contribute as an ordinary member, be liable to make a further contribution as if he were, at the commencement of the winding up, a member of an unlimited company: Provided that ___ (a) a past director [3] [* * *] or manager shall not be liable to make such further contribution, if he has ceased to hold office for a year or .....

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..... 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, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969. [3] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000, as provisions relating to managing agents, se .....

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