Section 49 Calls on shares of same class to be made on uniform basis – Companies Act 2013

Amended and updated notes on section 49 of Companies Act 2013. Provisions and rules related to calls on shares of same class to be made on uniform basis.

Amended and updated notes on section 49 of Companies Act 2013. Detail discussion on provisions and rules related to calls on shares of same class to be made on uniform basis.

Chapter IV (Sections 4372) of the Companies Act, 2013 (CA 2013) deals with the provisions related to share capital and debentures. Section 49 of CA 2013 provides for calls on shares of same class to be made on uniform basis.

Recently, we have discussed in detail section 48 (Variation of shareholders’ rights) of CA 2013. Today, we learn the provisions of section 49 of Companies Act 2013 read with the Companies (Share Capital and Debentures) Rules, 2014.

Section 49 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 2754(E) issued dated 12.09.2013. This notification was come into force from 12th September, 2013 i.e. the commencement date of section 49 is 12-09-2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.IV
Chapter NameShare Capital and Debentures
Section No.49
Section NameCalls on shares of same class to be made on uniform basis
Monthly Updated EditionCompany Law PDF

Section 49 of Companies Act 2013: Calls on shares of same class to be made on uniform basis

Section 49 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.

Where any calls for further share capital are made on the shares of a class, such calls shall be made on a uniform basis on all shares falling under that 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.


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