Section LXXXI

Calls may be made upon former shareholders in respect of shares.

The Joint-stock Companies Act, 1857

  • Act 19 of 1857
  • Ministry of Corporate Affairs
About this Act

An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.

All sections
    The Court may at any time make calls upon any former holder of a share who is liable under Section LXI or LXII of this Act in respect of such share as well as upon the existing holder of that share; but any payment made or obtained from any contributory in respect of a share shall operate for the benefit of every other contributory in respect of such share.
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