Section 49.Calls on shares of same class to be made on uniform basis.
Effective from 12-09-2013
Where any calls for further 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.
2(84) Share means a share in the share capital of a company and includes stock