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Urgent- Limited liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2010 A PUblic limited company by guarantee wants to increase its liability. Will the members be liable for the increased liability?
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
14 November 2010 if all memebers consented to increase the liability then only liability can be increased so first take the permission of members otherwise they will not be liable
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2010 Thanks a lot sir
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