Calls on Shares of Same Class to be Made on Uniform Basis-Section 49

Section 49 of the Companies Act, 2013:- Calls on Shares of Same Class to be Made on Uniform Basis

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.