35 Personal liability

(1) Subject to subsection (2) and except in so far as he may be liable for his
own conduct or acts, no director, agent or liquidator of a company is liable
for any debt, obligation or default of the company, unless —

(a) it is proved that he acted fraudulently or otherwise in bad faith; or

(b) specifically provided in this Act or in any other written law of
Seychelles.

(2) If at any time there is no member of a company, any person doing business
in the name of or on behalf of the company is personally liable for the
payment of all debts of the company contracted during such time and the
person may be sued in respect thereof without joinder in the proceedings
of any other person.