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The Companies Act of Republic Of Maldives 
Law No: 10/96  (An Unofficial Translation) 

List of members 

17. Every company shall deliver to the registrar of companies a list of its members within thirty days of its annual general meeting. 

Liability of the members 

18.   (a) A statement in the memorandum of a company stating that the liability of its members is limited shall mean that the liability of its members is limited for all purposes to the amount, if any, unpaid on the shares respectively held by them and shall when the memorandum and articles of association are registered, for all legal purposes have effect accordingly. 

       (b) In the event a limited liability company is wound up every member of the company shall be liable to contribute to the assets of the company only to the extent of the amount unpaid, if any, on the nominal value of his shares. 

Alterations of memorandum and articles of association 

19. Subject to the provisions of this Act, and in accordance with the articles of association, a company may with prior approval of the registrar of companies alter its memorandum and articles of association by a special resolution at a general meeting. 

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