https://www.taxtmi.com/caselaws?id=96587 Liability on winding up attaches statutorily to a person whose name stands on the register of shareholders at commencement of the winding up. Once the appellants were entered as holders with their knowledge and assent, their liability as contributories arose ex lege under the Indian Companies Act, 1913, and did not depend on the original share contract. Any antecedent dispute, including the alleged illegality of the share arrangement, could not displace that statutory liability. The appellants therefore remained liable as contributories and were not entitled to have their names removed from the register or to recover the share application and allotment money on the ground advanced. en-us Thu, 28 Jul 1932 00:00:00 +0530 Mon, 09 Jan 2012 15:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96587 Liability on winding up attaches statutorily to a person whose name stands on the register of shareholders at commencement of the winding up. Once the appellants were entered as holders with their knowledge and assent, their liability as contributories arose ex lege under the Indian Companies Act, 1913, and did not depend on the original share contract. Any antecedent dispute, including the alleged illegality of the share arrangement, could not displace that statutory liability. The appellants therefore remained liable as contributories and were not entitled to have their names removed from the register or to recover the share application and allotment money on the ground advanced. Case-Laws Companies Law Thu, 28 Jul 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96587