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The Companies Act, 2013

Chapter IV - Share Capital And Debenture (43-72)

Section 49- Calls on shares of same class to be made on uniform basis.

[Notification/Effective Date: 12.09.2013]

Section 49- Calls on shares of same class to be made on uniform basis. [Corresponds to Section 91 of the Companies Act,1956]

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.