https://www.taxtmi.com/caselaws?id=97573 Forfeiture of shares can create an independent contractual claim for unpaid call money where the articles of association require a shareholder to pay amounts owing at forfeiture. The liability is treated as arising under the articles rather than merely as a call by a registered company. Limitation generally bars the remedy without extinguishing the underlying debt, except where the Limitation Act, 1908 expressly provides otherwise. Consequently, although recovery of the original call may be time-barred, the unpaid amount may remain enforceable through the fresh contractual cause of action created on forfeiture. en-us Fri, 23 May 1958 00:00:00 +0530 Fri, 04 Jul 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97573 Forfeiture of shares can create an independent contractual claim for unpaid call money where the articles of association require a shareholder to pay amounts owing at forfeiture. The liability is treated as arising under the articles rather than merely as a call by a registered company. Limitation generally bars the remedy without extinguishing the underlying debt, except where the Limitation Act, 1908 expressly provides otherwise. Consequently, although recovery of the original call may be time-barred, the unpaid amount may remain enforceable through the fresh contractual cause of action created on forfeiture. Case-Laws Companies Law Fri, 23 May 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97573