Calls on shares
mayank verma (65 Points)
15 April 2018
Is there any limit on no. of calls on shares in companies act ? if yes then explain.
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 April 2018
No such limit
The Board’s resolution making the call must specify the amount of call per share and the time allowed for its payment.
The Board’s resolution making the call must specify the amount of call per share and the time allowed for its payment.
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