49(1)The shareholders of the company as such are not responsible for any act, default or liability of the company, or for any engagement, claim, payment, loss, injury, transaction, matter or thing relating to or connected with the company.
49(2)The liability of a shareholder in respect of any share held by him in the company, in respect of which he is liable as a shareholder, is limited
(a)
in the case of a share with nominal or par value to the amount unpaid thereon;
(b)
in the case of a share without nominal or par value to the amount of the consideration for which the share was issued by the company that is unpaid thereon.
49(1)The shareholders of the company as such are not responsible for any act, default or liability of the company, or for any engagement, claim, payment, loss, injury, transaction, matter or thing relating to or connected with the company.
49(2)The liability of a shareholder in respect of any share held by him in the company, in respect of which he is liable as a shareholder, is limited
(a)
in the case of a share with nominal or par value to the amount unpaid thereon;
(b)
in the case of a share without nominal or par value to the amount of the consideration for which the share was issued by the company that is unpaid thereon.