Repealed or not in force · As amended up to 2026-08
28. All unpaid capital to be a debt to the Company, &c.
29, 30, 31, 32. Registered Company committing an Act of Insolvency to be liable to Insolvent Court, &c. but (30) adjudication of insolvency against the Company not to be deemed insolvency of individual members; but (31) to pass property of the Company to the assignee; who (32) may compromise debts, &c.
Source: India Code