In message <as8pr03mb762211f3869f9f172b04d60aee...@as8pr03mb7622.eurprd03.prod.outlook.com>, Andrew Alston <[email protected]> wrote:
>The contingent liability stuff - I actually see sense in this - however - that >neglects the second part of my question - regarding section 162 of the >companies act - that has nothing to do with contingent liability. Section 162 >of the companies act says - "Unable to pay debtors" - with no qualifications - Long long ago, I had my very own LLC company here in the U.S. When I had it, it racked up certain liabilities... electricity, rent, etc. There were certain times during this period when I unavoidably found it necessary to visit the restroom, or what much of the rest of the world refers to as the water closet. During these brief periods of time, I found it essentially impossible to pay the company's outstanding bills. (This was prior to modern cell phones and pay-by-phone facilities.) Andrew is correct that the companies law of Mauritius admits of no exceptions which would legally cover such transient circumstances, and thus, it pleases me no end that I created my LLC in the United States, rather than Mauritius, where economic justice is apparently swift, even for those temporarily dispossessed of the ability to pay their bills by the irresistable requirements of nature. Regards, rfg _______________________________________________ Community-Discuss mailing list [email protected] https://lists.afrinic.net/mailman/listinfo/community-discuss
