Chamber of Prakash K. Pandya

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

CHAPTER IV
SHARE CAPITAL AND DEBENTURES

[Section 49 is brought to force with effect from September 12, 2013.]

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

Section 49. 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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