Repealed or not in force
Joint Stock Companies Act, 1850, 43 of 1850 (Rep., Act 10 of 1866)
16 sections · As amended up to 2026-08
Sections
- 1Defines the partnerships entitled to registration, viz., partnerships by deed whose joint stock is t
- 7After adjudication of forfeiture Shareholders not to be liable individually except on their own personal contract
- 8After adjudication, Official Assignee to make estimate of sum required to pay debts of Company, and
- 9Shareholders in the last memorial to be first called on to contribute and afterwards specified former shareholders
- 17No Shareholder to sell any share on which any call is unpaid
- 22Company not bound to see to execution of trusts, &c
- 28All unpaid capital to be a debt to the Company, &c
- 33Section 33
- 37After adjudication of forfeiture Shareholders not to be liable individually except on their own personal contract
- 38After adjudication, Official Assignee to make estimate of sum required to pay debts of Company, and
- 39Shareholders in the last memorial to be first called on to contribute and afterwards specified former shareholders
- 42In what manner assets remaining after payment of debts shall be distributed among the Shareholders
- 43Section 43
- 44Section 44
- 46Official Assignee to rank as creditor of Insolvent Shareholder for debt, &c. to Company
- 47On adjudication of forfeiture, Company to lose its privileges, and partnership to be dissolved