y is personally liable to pay da loan and z is not as he was not aware in da reduction of da members from 7-6
How Was the IPCC/PCC Law Paper.....????
Page no : 9
chetan jain
(cj)
(203 Points)
Replied 08 May 2010
@ rohit mai bhi is epf ka ans pooch raha hu... kisi k pass nai h shayad...!!
h to bata do...!!!
CA Punit GoSwaMi
(Chartered Accountant)
(310 Points)
Replied 08 May 2010
@ Chetan Can u explain how membership and shareholding are diff things??? giv sm example??
chetan jain
(cj)
(203 Points)
Replied 08 May 2010
@ ankit agar if u hav read frm module of institute den tell me da ans of epf ques...!!!
Vasudevan
(Student)
(29 Points)
Replied 08 May 2010
@ Chetan Here, as d share of X has been transferred to Y, Y cease to b a shareholder, as he do not hold any shares of d company anymore..
Kapil Singh Verma
(IPCC)
(36 Points)
Replied 08 May 2010
@ chetan dude firstly its a public company.....secondly wid da relance of 7 members given in da question it makes sence da its about reduction of members ... also membership is terminated when all da shares are transfered as da case is .... (check membership topic) he is no more member as his name wont appear in da registrar of members as he has no share
chetan jain
(cj)
(203 Points)
Replied 08 May 2010
@ punit 1 ex- member is one who hav subscribed for memorandum bt it is nt necessary dat shareholder has also subscribed...!!
Kapil Singh Verma
(IPCC)
(36 Points)
Replied 08 May 2010
@ rohith have u read da liablity da members face wen da membership of da company falls below da min required?
chetan jain
(cj)
(203 Points)
Replied 08 May 2010
@ kapil dis time i got ur point... n both da points r correct...!! aur is point ki vajah se mujhe 5 mrks ka chuna bhi lag gaya...!!!
Kapil Singh Verma
(IPCC)
(36 Points)
Replied 08 May 2010
@ cheatn u r welcome bro ..... and sorry for diappointing you.... guys lets focus on da next paper costing fm rather than discussing ....
vaibhave
(article)
(51 Points)
Replied 08 May 2010
main to aaj barbad ho jaunga shayad...............
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