Section 49
Calls on shares of same class to be made on uniform basis.
About this Act
An Act to consolidate and amend the law relating to companies.
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.
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.