{"id":79797,"date":"2023-11-09T16:25:55","date_gmt":"2023-11-09T10:55:55","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=79797"},"modified":"2023-11-09T16:25:57","modified_gmt":"2023-11-09T10:55:57","slug":"section-3a","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-3a\/","title":{"rendered":"Section 3A.\u00a0Members severally liable in certain cases."},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-79797' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-3a\/#easy-footnote-bottom-1-79797' title='Ins. by Act 1 of 2018, s. 3 (w.e.f. 9-2-2018).'><sup>1<\/sup><\/a><\/span>[3A. Members severally liable in certain cases.<\/strong>&#8212; If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognisant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>[3A. Members severally liable in certain cases.&#8212; If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 3A.\u00a0Members severally liable in certain cases. - Enterslice<\/title>\n<meta name=\"description\" content=\"Section 3A: Understand member liability in specific cases. Learn how members are severally liable in this legal provision. 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