Uniform calls on shares required across a share class; differing paid-up amounts mean shares are not the same class. Calls for further share capital must be made on a uniform basis on all shares falling under the same class; shares of the same nominal value with different amounts paid-up are not deemed to fall under the same class and thus are excluded from that uniform call treatment.
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.
Uniform calls on shares required across a share class; differing paid-up amounts mean shares are not the same class.
Calls for further share capital must be made on a uniform basis on all shares falling under the same class; shares of the same nominal value with different amounts paid-up are not deemed to fall under the same class and thus are excluded from that uniform call treatment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.