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

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CHAPTER IV

Section 49 of 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.

Short Notes:

  • This section came into force from September 12, 2013.
  • It provide that where any calls for further share capital are made on the shares of a class, such call shall be made on uniform basis on all shares falling under that class.

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