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Winding up

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(Querist)
23 April 2014 in winding up is the liabilityof past or present members(as contributors) limited to unpaid amt. on shares? if shares are fully paid up then contribution required?
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Prankur Gupta

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Prankur Gupta (Expert)
24 April 2014 Sec. 467
In the case of a company limited by shares, any past or present member is not required to contribute in excess of the amount, if any, unpaid on the shares in respect of which he is liable
as such member.
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