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Under the Companies Act, liability for debts of the company may arise if the number of members falls…

Under s.3A of the Companies Act, 2013, this personal liability for company debts can arise once membership falls below seven in a public company or below two in a private…

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Under the Companies Act, liability for debts of the company may arise if the number of members falls below:

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Correct answer C

Under s.3A of the Companies Act, 2013, this personal liability for company debts can arise once membership falls below seven in a public company or below two in a private company, not the other numerical combinations listed.

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