What happen if a subscriber to MOA denies to take share?
2 Replies
surbhi lohiya
(cs)
(34 Points)
Replied 08 September 2008
he can not deny to take shares but he can transfer those at the very same day...but at one time he has to debit his bank amount with the amount of shares..
there is no provision in the law of denial...but this can be the remedy
Lineesh James
(Company Secretary)
(30 Points)
Replied 17 September 2008
| Originally posted by :Shiburaj K | ||
| " |
Tell him he will be perpetually liable for the amount. The best way is to get a Form 7B executed by him and find some other person who can bring money to take up his shares. The other way is to file a civil suit |
" |
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