[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.