Section 49 of Companies Act, 2013 – Calls on Shares of Same Class to be made on Uniform Basis

  • Updated Till : July 22, 2017

SECTION 49. CALLS ON SHARES OF SAME CLASS TO BE MADE ON UNIFORM BASIS

[Effective from 12th September, 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.

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