https://www.taxtmi.com/caselaws?id=96607 The court found the memorandum was validly executed and attested, fixing the deceased subscriber's liability for 151 shares; subscription to the memorandum operated to make him a member. On legal representative liability, the court applied company law and Hindu law principles, holding contributory liability is confined to the deceased's separate or self-acquired property and does not extend to joint family property or undivided survivorship shares in the present family structure. Death did not convert the deceased into a 'past member' so estate liability remains and the legal representative is to be placed on the contributories list accordingly. en-us Fri, 03 Feb 1933 00:00:00 +0530 Mon, 09 Jan 2012 16:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96607 The court found the memorandum was validly executed and attested, fixing the deceased subscriber's liability for 151 shares; subscription to the memorandum operated to make him a member. On legal representative liability, the court applied company law and Hindu law principles, holding contributory liability is confined to the deceased's separate or self-acquired property and does not extend to joint family property or undivided survivorship shares in the present family structure. Death did not convert the deceased into a 'past member' so estate liability remains and the legal representative is to be placed on the contributories list accordingly. Case-Laws Companies Law Fri, 03 Feb 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96607