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Expulsion of members

(Querist) 26 February 2009 This query is : Resolved 
Respected All,

In an Article of Association of a pvt. ltd Co. can there be any clause regarding the expulsion of its members. I think no Company should insert any such clause in the article except the forfieture and lien due to non payment of call money of the shares. The shares on being forfitted the name of the share holder will be deleted from the register of members. Am i right kindly advice.

Best Regards,

Asish
Report Abuse
ARVIND JAIN (Expert) 26 February 2009
YES YOU RIGHT ASISH.
M. PIRAVI PERUMAL (Expert) 26 February 2009
You are absolutely correct.
Adv.Shine Thomas (Expert) 27 February 2009
Please visit:http://books.google.com

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