Indemnity for striking off: directors undertake to pay and settle all lawful claims and indemnify against future losses. Directors seeking strike-off must declare company details, confirm inoperative status, and supply an affidavit of assets and liabilities; they must give a written indemnity undertaking to pay and settle all lawful claims arising after striking off, indemnify persons for losses from the striking off, and settle any claims or liabilities not yet discovered, with dated signatures and witness attestation.
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.
Indemnity for striking off: directors undertake to pay and settle all lawful claims and indemnify against future losses.
Directors seeking strike-off must declare company details, confirm inoperative status, and supply an affidavit of assets and liabilities; they must give a written indemnity undertaking to pay and settle all lawful claims arising after striking off, indemnify persons for losses from the striking off, and settle any claims or liabilities not yet discovered, with dated signatures and witness attestation.
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