TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Members Not Bound by Post-Membership Changes Increasing Shareholdings or Liabilities Under Section 38 of Companies Act, 1956.</h1> Section 38 of the Companies Act, 1956 stipulates that no company member is obligated by alterations to the memorandum or articles made after their membership date if such changes require them to acquire more shares or increase their financial liability to the company. Exceptions exist if the member consents in writing to the changes or if the company is a club or similar association requiring higher recurring fees, even without written consent. This provision was amended by the Companies (Amendment) Act, 1960.
TaxTMI 
TaxTMI 
