Question
When are the members of a Company considered to be
severally liable under the Companies Act, 2013?Solution
Sec. 3A Members severally liable in certain cases: If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognizant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.
In which year did tractor manufacturing start in India?
Paddy and straw are an example of
Micronutrients are better absorbed and more bioavailable from:
In C4 plants, the primary carboxylation takes place by using ___ enzymeÂ
Among the following, which one is the Arabica Coffee………………….
Which of the following act as a regulator of agricultural produce market?
Stolon, Runners, suckers are examples of
The daily dietary nutrient intake level that is sufficient to meet the nutrient requirements of nearly all healthy individuals is called:
When Marginal cost is at lowest, Marginal product will be:
Maximum, minimum and optimum temperatures are collectively termed as
