valid as on 22/10/2020

Section 2(26) contributory
Effective from 12-09-2013

“contributory” means a person liable to contribute towards the assets of the company in the event of its being wound up.

Explanation.—For the purposes of this clause, it is hereby clarified that a person holding fully paid-up shares in a company shall be considered as a contributory but shall have no liabilities of a contributory under the Act whilst retaining rights of such a contributory

Enforcement notification S.O.2754 (E) dated 12/09/2013


CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates