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.
Statements:
Some squares are circles.
No circle is a traingle.                Â
Conclusions:
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Some Sparrow are Bird. Â Â Â Â Â Â
Few Bird are not Camel. Â Â Â Â Â
Only Parrot is Camel.
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Statements:
Some planet are constellation.
Only constellation are universe.
15% constellation are star.
Conclusions:
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In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
- Two statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance with...
Statements:All hotels are buses.
Some buses are cars.
All cars are trams.
Some trams are clouds.
Conclusions:I. Some trams a...
- Statements:
Only Time is Hour.
Some Times are Minutes.
Mostly Minutes are Seconds.
Conclusions:
I. Some Hour cannot... In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
- Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance wi...
