Section 22

Calls for share money.

The Bengal Bonded Warehouse Association Act, 1838

  • Act 5 of 1838
  • Ministry of Home Affairs
  • Department of States
All sections
    1* * * The Directors of the said Association shall have authority to call on the proprietors to pay such instalment or instalments as shall, together with the instalments already paid, amount to a sum not exceeding 50 per cent. on each share; and 1* * * no further call shall be made, except in consequence of a vote of a general meeting of the proprietors, authorising such further call; provided always that no proprietor shall be called upon to pay more in proportion to his share in the Capital Stock than any other proprietor.

Notes

1. The words "And it is hereby enacted, that" omitted by Act 12 of 1891, s. 2 and Sch. I.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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