Uniform calls on shares must be made across a class; equal nominal value shares with different paid up amounts excluded. Section 91 requires that calls for further share capital made after the Act's commencement be imposed uniformly on all shares of the same class, and ... Summary
Uniform calls on shares must be made across a class; equal nominal value shares with different paid up amounts excluded.
Section 91 requires that calls for further share capital made after the Act's commencement be imposed uniformly on all shares of the same class, and explains that shares of the same nominal value with different paid-up amounts are not regarded as within the same class for this purpose.
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