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Liability for carrying on business with less than three or, in the case of a private company, two members

If at any time the number of members of a company is reduced, in the case of a private company other than a single member company, below two, or in the case of any other company, below three, and the company carries on business for more than six months while the number is so reduced, every person who is a member of the company during the time th...


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