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        Companies Law

        Section 99 - Reserve liability of limited company.

        Companies Act, 1956
        Chapter IV
        SHARE CAPITAL AND DEBENTURES

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        Restriction on call-up of uncalled share capital via special resolution, enforceable only for company winding up purposes. A company may, by special resolution, determine that any portion of its uncalled share capital shall not be capable of being called-up except in the event and for the purposes of the company being wound up, and thereupon that portion shall not be capable of being called-up except in that event and for those purposes.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Restriction on call-up of uncalled share capital via special resolution, enforceable only for company winding up purposes.

                              A company may, by special resolution, determine that any portion of its uncalled share capital shall not be capable of being called-up except in the event and for the purposes of the company being wound up, and thereupon that portion shall not be capable of being called-up except in that event and for those purposes.


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