Neeta (Finance) (345 Points)
13 July 2010A public company : eg : issued 10,000 shares in MOA and now it wants to make 5000 shares fully paid up and remaining partly paid up. as per me : it isnt possible since company can make call from all in equal proportion only. Plz quote me the relevant section where it is provided.
Also plz forward the limit of amount to be called up on shares.
regards
Neeta
(Finance)
(345 Points)
Replied 13 July 2010
Plese provide the schedule as to the Limit on amount on allotment and call of shares and also the time limit for the same. Also plz specify whether this is applicable in case of shares subscribed in MOA.
CAclubindia
