Enterslice
Companies Act

Section 49. Calls On Shares Of Same Class To Be Made On Uniform Basis

Narendra Kumar
14 Nov, 2023 14 Nov, 2023
Companies Act, 2013

Where any calls for further share capital are made on the shares of a class, such calls shall be made on a uniform basis on all shares falling under that class.

Explanation.— For the purposes of this section, shares of the same nominal value on which different amounts have been paid-up shall not be deemed to fall under the same class.

READ  Section 376. Power To Wind Up Foreign Companies Although Dissolved

Trending Posted