Companies Act — Section 91

Every officer of the company shall be indemnified out of the assets of the company against any liability

91. Every officer of the company shall be indemnified out of the assets of the company against any liability incurred by him in defending any proceedings, whether civil or criminal, in which judgment is given in his favour or in which he is acquitted or in which relief is granted to him by the court or the Tribunal.

Note: The Articles shall be signed by each subscriber of the memorandum of association who shall add his address, description and occupation, if any, in the presence of at least one witness who shall attest the signature and shall likewise add his address, description and occupation, if any, and such signatures shall be in form specified below:

Names, addresses, descriptions

Witnesses (along with names, addresses,

and occupations of subscribers

descriptions and occupations)

A.B. of………….Merchant

C.D. of………….Merchant

E.F. of…………. Merchant

G.H. of………….Merchant

Signed before me

Signature…………….

Signed before me

Signature…………….

Signed before me

Signature…………….

Signed before me

Signature…………….

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This Bare Act is a government source available in the public domain. It is being used strictly for educational purposes only

I.J. of………….Merchant

K.L. of………….Merchant

M.N. of………….Merchant

Dated the……..day of ………20……

Place: ................................

TABLE – G

Signed before me

Signature…………….

Signed before me

Signature…………….

Signed before me

Signature…………….

ARTICLES OF ASSOCIATION OF A COMPANY LIMITED BY GUARANTEE AND HAVING A SHARE CAPITAL

Judgments citing Section 91

Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.