1. Subject -
Call on Shares.
2. Passing Authority - Board of Directors.
3. Nature of the Resolution -
Resolution with simple majority.
4. Specimen Resolution(s):
"RESOLVED
THAT: a call of Rs.2/50 per share be and is hereby made on the registered
holders of all the 10,00,000 ordinary shares of Rs.10/- each in the company and
that such call be payable at the registered office of the company, on or before
20TH February, 1997".
5. Guidelines:
1) The
terms of issue of the shares should be checked. Call may be made only in accordance with Company's Articles and
Act.
2)
Where the shares are listed, the provisions of the Listing Agreement should be
complied with.
3) The
resolution should be state not only the time and place of payment but also the
amount payable.
4) The
passing of a resolution cannot by itself be regarded as a valid Call; a valid
notice should be given to the members concerned.
5) Only
registered holders can be made liable for the money due.
6. Filing: Not applicable.