Obligations of directors and managers whose liability is unlimited.
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....f this Act, unlimited, shall in addition to his liability, if any, to contribute as an ordinary member, be liable to make a further contribution as if he were, at the commencement of the winding up, a member of an unlimited company: Provided that^___ (a) a past director ^[3][* * *] or manager shall not be liable to make such further contribution, if he has ceased to ....
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....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 and treasures" had become redundant after abolition of system by Act 17 of 1969. [3] Omitted by the Companies (Amendment) Act, 2000, ....
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