Payment of call money in case of winding up
This query is : Resolved
09 August 2014
if shareholder owns share of rs. 10 and has already paid rs 6 and unpaid amount is rs 4 . then if in case of winding up of such company . Will d shareholder be liable to pay unpaid amount since he is contributory or he can simply forfeit his shares?
09 August 2014
at the time of winding up of company amount of unpaid shares is absolute liability and its discretionary power of the company to forfeit shares or not. also shareholders have to pay amount of unpaid shares.
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