What are the Liabilities of the subscriber in case of One Person Company?

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 The liability of the member of the OPC may be limited or unlimited, and the Memorandum of Association of the OPC shall state,—

 

(i) in the case of a company limited by shares, that liability of its member is limited to the amount unpaid, if any, on the shares held by them; and

(ii) in the case of a company limited by guarantee, the amount up to which member undertakes to

contribute—

·  to the assets of the company in the event of its being wound-up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member, as the case may be; and

·  to the costs, charges and expenses of winding-up and for adjustment of the rights of the

contributories among themselves

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