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Under Section 7(7) of the Companies Act, 2013, if a Tribunal determines that a company was incorporated through fraudulent action, which order can it immediately issue regarding the members’ liability?
It can directly order that the liability of all its members shall be dismissed
It can directly order that the liability of all its members shall be unlimited
It can directly order that the liability of all its members shall be protected
It can directly order that the liability of all its members shall be suspended
It can directly order that the liability of all its members shall be unlimited
Practice and solve "Under Section 7(7) of the Companies Act, 2013, if a Tribunal determines that a company was incorpora..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: It can directly order that the liability of all its members shall be unlimited. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Under Section 7(7) of the Companies Act, 2013, if a Tribunal determines that a company was incorpora..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: It can directly order that the liability of all its members shall be unlimited. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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