Section 44, The Companies Act, 2009

(1) A member of a company is not bound by an alterationmade in the memorandum or articles of the company after the date of which he became a member, if and so far as the alteration– (a) requires him to take or subscribe for more shares than the number held by him at the date on which the alteration is made; or (b) in any way increases his liability as at that date to contribute to the company’s share capital or otherwise to pay money to the (2) Subsection (1) operates notwithstanding anything in the memorandum or articles but does not apply in a case where the member agrees in writing, either before or after the alteration is made, to be bound by the alteration. 30 31 articles. alteration of company’s Re-registration of companies