Is the limited liability clause removed in case of private limited companies. If at all the clause is removed then who are the persons who could be held individually responsible for the liability?
Can anyone pls help on the same..............
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Limited Liability in Private Limited Co
Replies (1)
Dear Mr. Keval,
In the given case liability of the members shall become unlimited.
Regards,
Sunil K. Jain, FCS, AICWA, BAL
Practising Company Secretary,
skj13 @ rediffmail.com, 9810104162
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