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What is the difference between a present member and a past member in the context of contributories?
  • a)
    Present members are individuals who are currently employed by the company, while past members are former employees.
  • b)
    Present members have contributed more to the company's assets, while past members have contributed less.
  • c)
    Present members are liable to contribute unpaid amounts on shares, while past members are exempt from such liability.
  • d)
    Present members have voting rights in winding up decisions, while past members do not.
Correct answer is option 'C'. Can you explain this answer?
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What is the difference between a present member and a past member in t...
A present member is liable to contribute the unpaid amounts on shares held by them during winding up, whereas a past member's liability is limited if they ceased to be a member before the commencement of winding up.
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What is the difference between a present member and a past member in the context of contributories?a)Present members are individuals who are currently employed by the company, while past members are former employees.b)Present members have contributed more to the company's assets, while past members have contributed less.c)Present members are liable to contribute unpaid amounts on shares, while past members are exempt from such liability.d)Present members have voting rights in winding up decisions, while past members do not.Correct answer is option 'C'. Can you explain this answer?
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What is the difference between a present member and a past member in the context of contributories?a)Present members are individuals who are currently employed by the company, while past members are former employees.b)Present members have contributed more to the company's assets, while past members have contributed less.c)Present members are liable to contribute unpaid amounts on shares, while past members are exempt from such liability.d)Present members have voting rights in winding up decisions, while past members do not.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the difference between a present member and a past member in the context of contributories?a)Present members are individuals who are currently employed by the company, while past members are former employees.b)Present members have contributed more to the company's assets, while past members have contributed less.c)Present members are liable to contribute unpaid amounts on shares, while past members are exempt from such liability.d)Present members have voting rights in winding up decisions, while past members do not.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between a present member and a past member in the context of contributories?a)Present members are individuals who are currently employed by the company, while past members are former employees.b)Present members have contributed more to the company's assets, while past members have contributed less.c)Present members are liable to contribute unpaid amounts on shares, while past members are exempt from such liability.d)Present members have voting rights in winding up decisions, while past members do not.Correct answer is option 'C'. Can you explain this answer?.
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