Sec.36 of companies act

This query is : Resolved

Jimi KR (Querist)
Follow

14 September 2012 Anybody pls explain the legal relationship between the company and members on registering MOA and AOA as per Sec 36 of Companies Act

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

14 September 2012 Members are collectively the OWNERS. In the case of limited liability, the liability of members. is , however limited to the amount subscribed.

Jimi KR

Jimi KR (Querist)
Follow

14 September 2012 Thank u for ur reply... Sir can u pls explain whether the company is bound just as its members or not?

Upgrade to CAclubindia Pro. Subscribe Now!

Kumar Gaurav

Kumar Gaurav (Expert)
Follow

15 September 2012 Members Liability depends upon the type of Company whether limited by share or guarantee or ............ Just go through Section 12, you will clearly get what Section 36 is saying

Jimi KR

Jimi KR (Querist)
Follow

15 September 2012 Thank u for your guidance...