Free Email Subscription - Daily New Updates (Verification Email Will Be Sent)

Section 49 of the Companies Act 2013: Calls on shares of same class to be made on uniform basis

SECTION-49 (Calls on shares of same class to be made on uniform basis) under CHAPTER-IV (Share Capital and Debentures) of the 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.

Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link

(2) Section 49 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013) - link

(3) Further, refer the Companies (Share Capital and Debentures) Rules, 2014 - link

This page was last updated on 26th December, 2016.

No comments:

Post a Comment