valid as on 20/06/2024

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

Enforcement notification S.O.2754 (E) dated 12/09/2013

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