Shareholders are the owners of the Company and directors are to operate the Company. As per Companies Act 2013, the shareholders are the owners and still, they are separate from a Company.
All the shareholders are liable up to the unpaid amount of share capital. Shareholders are not liable for any act of the company. Although, Shareholders passes the resolution for the approval of any project in the Annual General Meeting. Still, they are not liable for any act of the company.
One shareholder cannot be held liable for the act of other Shareholder, they all are independent of the act of one and other.
Directors are liable for the acts of the Company.
The table shows the responsible person for the Following Liabilities:-
Liabilities
Shareholders
Directors
Act of the Company
✕
✓
Debt on Company
Unpaid Amount of Share Capital
Fraudulent Act by Company
Dissolution of Company