Upgrad LLM

subscriber to memorandum not a shareholder if amount unpaid

Company Secretary

Dear friends,

 

CLB Mumbai Bench has held as per attached order that a subscriber to Memorandum of Association of a company is not a shareholder of the company if he has not paid subscripttion money and hence cannot file a petition u/s 397/398 of Companies Act 1956.

 

Thanks

 



Attached File : 735270778 subscriber not member if amount not paid - clb.docx downloaded 224 times
 
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