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

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.