Members severally liable in certain cases
Section 3A of the Companies Act, 2013 deals with members severally liable in certain cases. If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company The Act came into force on 01 Apr 2014.
1[3A. Members severally liable in certain cases.-- If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognisant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.]
Section 3A, The Companies Act, 2013 (Act 18 of 2013).
Questions about Section 3A
What does Section 3A of the Companies Act deal with?
Section 3A of the Companies Act is headed "Members severally liable in certain cases". [3A. Members severally liable in certain cases.-- If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so re
How do I find court cases under Section 3A of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 3A, section 3A Companies Act, section 3A of the Companies Act. People searching for it also type investment company act 3a 7 and investment company act 3a. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 3A of the Companies Act come into force?
Section 3A of the Companies Act, cited as Companies Act 3A, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.