Directors, etc., with unlimited liability in limited company.

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....rovided by the memorandum, be unlimited. (2) In a limited company in which the liability of a director, ^[2][* * *] or manager is unlimited, the directors, ^[3][* * *] and the manager of the company, and the member who proposes a person for appointment to the office of director, ^[4][* * *] or manager, shall add to that proposal a statement that the liability of the person holding that office w....

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.... --------------------------------------------- Notes:- [1] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. as provisions relating to "managing agents, secretaries and treasures" had become redundant after abolition of system by Act 17 of 1969. [2] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. as provisions relating to "managing agents, secretaries ....