The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 126. If any contributory dies either before or after he has been placed on the list of contributories her

Repealed or not in force · As amended up to 2026-08

126. If any contributory dies either before or after he has been placed on the list of contributories hereinafter mentioned, his personal representatives, heirs and devisees shall be liable in due course of administration to contribute to the assets of the Company in discharge of the liability of such deceased contributory; and such personal representatives, heirs and devisees shall be deemed to be contributories accordingly. Contributories in case of insolvency.

Source: India Code