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 a classical production function, the elasticity of production is greater than one, where
____ infected larvae becomes flaccid, skin becomes fragile and it crawls to the top of the plant to hang upside down with the help of prolegs.
Crossing of the two different pair of alleles, having different traits is
Adiabatic dehumidification will lead ……………………….. in humidity and ……………. in temperature.
...Which state occupies the maximum area under organic farming?
Chlorophyll is formed from proto- chlorophyll in light. The proto- chlorophyll lacks two hydrogen atoms one each at _________and _________carbon of ___...
Cut or excised leaves remain green for long if induced to root or dipped in_____
What is the purpose of piston rings in an engine?
What is the purpose of the Clean Plant Programme (CPP) approved in August 2024?
The cooling of seed during germination in order to accelerate flowering when it is planted is referred as
