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Corporate & Other Laws
Can anyone explain section 3A?
Answers (8)
Sudha Reddy
If number of members < minimum number prescribed by Act Then if business run for more than 6 months like that , then all those members who run such business for more than 6 months are severally liable for total debts taken during that time
Here liability time will start from beginning of 6m or at the end of 6 months ?
Thread Starter
Nikhil VasanthHere liability time will start from beginning of 6m or at the end of 6 months ?
Starting from when the member so decreased