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Companies Law - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

If at any time the number of members of a company is reduced ...


Companies Operating Below Minimum Membership Face Member Liability After Six Months.

January 6, 2018

Act Rules     Companies Law

If at any time the number of members of a company is reduced below the minimum required members, every person who is a member of the company during the time that it so carries on business after those six months shall be severally liable and may be severally sued - New Section 3A

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