https://www.taxtmi.com/caselaws?id=97793 Share calls must comply with the articles of association by specifying the time for payment. Where a company has not adopted statutory power to vary payment arrangements among shareholders, a resolution imposing unequal calls on directors and other shareholders is defective; an unproved notice cannot cure that defect. Shareholders who attended and participated in the resolution, however, may be estopped from relying on defects they accepted and may remain liable for unpaid share amounts. Claimed payments beyond initial allotment money require reliable proof and must be credited only where established, including proved advance call money paid to the company. en-us Fri, 07 Apr 1961 00:00:00 +0530 Wed, 18 Jan 2012 11:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97793 Share calls must comply with the articles of association by specifying the time for payment. Where a company has not adopted statutory power to vary payment arrangements among shareholders, a resolution imposing unequal calls on directors and other shareholders is defective; an unproved notice cannot cure that defect. Shareholders who attended and participated in the resolution, however, may be estopped from relying on defects they accepted and may remain liable for unpaid share amounts. Claimed payments beyond initial allotment money require reliable proof and must be credited only where established, including proved advance call money paid to the company. Case-Laws Companies Law Fri, 07 Apr 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97793