Calls on shares of same class to be made on uniform basis

Calls on shares of same class to be made on uniform basis :

Section – 91. Where after the commencement of this Act, any calls for further share capital are made on shares, such calls shall be made on a uniform basis on all shares falling under the same class.

Explanation : For the purposes of this section, shares of the same nominal value on which different amounts have been paid-up shall not be deemed to fall under the same class.