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        Companies Law

        Section 65 - Unlimited company to provide for reserve share capital on conversion into limited company

        Companies Act, 2013
        Chapter IV
        SHARE CAPITAL AND DEBENTURES

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        Reserve share capital provisions restrict callability of increased or uncalled capital except for winding up purposes. On resolution to register as a limited company, an unlimited company with share capital may (i) increase the nominal amount of each share so that the increased capital is only callable in the event and for the purposes of winding up, and/or (ii) specify that a portion of its uncalled share capital shall not be callable except in the event and for the purposes of winding up.
                        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.

                            Reserve share capital provisions restrict callability of increased or uncalled capital except for winding up purposes.

                            On resolution to register as a limited company, an unlimited company with share capital may (i) increase the nominal amount of each share so that the increased capital is only callable in the event and for the purposes of winding up, and/or (ii) specify that a portion of its uncalled share capital shall not be callable except in the event and for the purposes of winding up.


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