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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter IV SHARE CAPITAL AND DEBENTURES This

Clause 49 - Calls on shares of same class to be made on uniform basis. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter IV
SHARE CAPITAL AND DEBENTURES
  • Contents

Calls on shares of same class to be made on uniform basis.

049. 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.

 
 
 
 

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