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[Cites 0, Cited by 6] [Section 27] [Entire Act]

Union of India - Subsection

Section 27(2) in Indian Companies Act, 1913

(2)For the purpose of the provisions of this Act relating to the memorandum of a company limited by guarantee and of this section, every provision in the memorandum or articles, or in any resolution, of any company limited by guarantee and registered after the commencement of this Act, purporting to divide the undertaking of the company into shares or interests, shall he treated as a provision for a share capital, notwithstanding that the nominal amount or number of the shares or interests is not specified thereby.Part III-Share Capital .Registration of Unlimited Company as Limited and Unlimited Liability of Directors; Distribution of Share Capital.