Section 49 of CA 2013 : Section 49: Calls On Shares Of Same Class To Be Made On Uniform Basis
CA 2013
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Explanation using Example
Imagine a company called "Bright Future Tech Pvt. Ltd." decides to raise additional capital to fund a new project. The company has two classes of shares: Class A and Class B. Class A shares have fully paid-up capital, while Class B shares have only partially paid-up capital.
The board of directors decides to make a call for further share capital. According to Section...
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