Site navigation

Under which provision of the Companies Act, 2013, will members be liable for a reduction of the…

"Section 3A", inserted by the Companies (Amendment) Act, 2017, makes members personally liable where the company carries on business for more than six months with membership…

Choose your answer

Under which provision of the Companies Act, 2013, will members be liable for a reduction of the statutory minimum number of members, in the Company?

Select one answer
Answer and explanation

Correct answer A

"Section 3A", inserted by the Companies (Amendment) Act, 2017, makes members personally liable where the company carries on business for more than six months with membership below the statutory minimum.

Practice for these exams

Related exam syllabi

Related questions in this topic