The
Companies Act of Republic Of Maldives
Law
No: 10/96 (An Unofficial
Translation)
List of members
17. Every company shall deliver
to the registrar of companies a list of its members within thirty days
of its annual general meeting.
Liability of the members
18. (a) A statement
in the memorandum of a company stating that the liability of its members
is limited shall mean that the liability of its members is limited for
all purposes to the amount, if any, unpaid on the shares respectively held
by them and shall when the memorandum and articles of association are registered,
for all legal purposes have effect accordingly.
(b) In the event a limited liability company is wound up every member of
the company shall be liable to contribute to the assets of the company
only to the extent of the amount unpaid, if any, on the nominal value of
his shares.
Alterations of memorandum
and articles of association
19. Subject to the provisions
of this Act, and in accordance with the articles of association, a company
may with prior approval of the registrar of companies alter its memorandum
and articles of association by a special resolution at a general meeting.
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