Expulsion of members

Heaven 2011 (Querist) 26 February 2009 This query is : Resolved
Respected All,

In an Article of Association of a pvt. ltd Co. can there be any clause regarding the expulsion of its members. I think no Company should insert any such clause in the article except the forfieture and lien due to non payment of call money of the shares. The shares on being forfitted the name of the share holder will be deleted from the register of members. Am i right kindly advice.

Best Regards,

Asish

Follow Query

Report Abuse

ARVIND JAIN (Expert) 26 February 2009
YES YOU RIGHT ASISH.

M. PIRAVI PERUMAL (Expert) 26 February 2009
You are absolutely correct.

Adv.Shine Thomas (Expert) 27 February 2009
Please visit:http://books.google.com

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Member Strength 972829 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify