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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO This

Clause 10 - Effect of memorandum and articles. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter II
INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO
  • Contents

Effect of memorandum and articles.

010. (1) Subject to the provisions of this Act, the memorandum and articles shall, when registered, bind the company and the members thereof to the same extent as if they respectively had been signed by the company and by each member, and contained covenants on its and his part to observe all the provisions of the memorandum and of the articles.

     (2) All monies payable by any member to the company under the memorandum or articles shall be a debt due from him to the company.

 
 
 
 

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