https://www.taxtmi.com/acts?id=12313 An alteration to a company's memorandum or articles that requires a member to take or subscribe for more shares than held at the date of alteration, or increases his liability to contribute to share capital or otherwise pay money to the company, does not bind that member. This immunity is subject to two exceptions: the member's written agreement to be bound by the alteration, and where the company is a club or similar association and the alteration raises recurring or periodical subscriptions or charges. en-us Fri, 06 May 2011 10:44:19 +0530 Fri, 06 May 2011 10:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12313 An alteration to a company's memorandum or articles that requires a member to take or subscribe for more shares than held at the date of alteration, or increases his liability to contribute to share capital or otherwise pay money to the company, does not bind that member. This immunity is subject to two exceptions: the member's written agreement to be bound by the alteration, and where the company is a club or similar association and the alteration raises recurring or periodical subscriptions or charges. Act-Rules Companies Law Fri, 06 May 2011 10:44:19 +0530 https://www.taxtmi.com/acts?id=12313