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[Cites 0, Cited by 0] [Section 426(1)] [Section 426] [Entire Act]

Union of India - Subsection

Section 426(1)(e) in The Companies Act, 1956

(e)in the case of a company limited by guarantee, no contribution shall,subject to the provisions of sub-section (2), be required from any past orpresent member exceeding the amount undertaken to be contributed byhim to the assets of the company in the event of its being wound up ;