Section 35 — Effect of alteration in memorandum or articles

Statute text

Not
withstanding anything contained in the memorandum or articles of a company, no
member of the company shall be bound by an alteration made in the memorandum
or articles after the date on which he became a member if and so far as the alteration
requires him to take or subscribe for more shares than the number held by him at
the date on which the alteration is made or in any way increases his liability as at
that date to contribute to the share capital of or otherwise to pay money to the
company:
Provided that this section shall not apply in any case where the member
agrees in writing either before or after the alteration is made to be bound thereby.
ARTICLES OF ASSOCIATION

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