https://www.taxtmi.com/acts?id=15723 Directors and managers of a limited company with unlimited liability must, at the commencement of winding up, make a further contribution as if they were members of an unlimited company, in addition to any ordinary member liability. Exemptions apply where a person ceased office one year or more before winding up or for debts contracted after cessation; and, subject to the company's articles, the Tribunal must deem the contribution necessary to satisfy debts, liabilities and winding-up costs before requiring it. en-us Fri, 23 Dec 2011 12:50:04 +0530 Fri, 23 Dec 2011 12:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15723 Directors and managers of a limited company with unlimited liability must, at the commencement of winding up, make a further contribution as if they were members of an unlimited company, in addition to any ordinary member liability. Exemptions apply where a person ceased office one year or more before winding up or for debts contracted after cessation; and, subject to the company's articles, the Tribunal must deem the contribution necessary to satisfy debts, liabilities and winding-up costs before requiring it. Act-Rules Bills Fri, 23 Dec 2011 12:50:04 +0530 https://www.taxtmi.com/acts?id=15723