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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Liability for reduced shares limited to unpaid difference, but ignorant creditors may seek contributions enforced by tribunal.</h1> Liability for reduced shares is confined to the difference between the amount deemed paid on the share and the reduced nominal amount; creditors ignorant of the reduction may-if the company cannot then pay their debt-require members on the register at registration to contribute up to the amount they would have been liable for had winding-up begun immediately before registration, and the Tribunal may, upon proof of ignorance, settle and enforce a list of contributories as in a winding-up.

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