jaggu
asked
Hi May I know, Can a portion of Company’s uncalled Share Capital be transferred to Reserve Liability?
0
0
Answer Now
Comment
Report
4
Answers
veeru
answered
Let me informed that a limited company may, by special resolution, determine that any portion of its share capital which has not been already called-up shall not be capable of being called-up, except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called-up except in that event and for those purposes and can be transferred to Reserve.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
veeru
answered
Determine that any portion of its share capital which has not been already called-up shall not be capable of being called-up, except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called-up except in that event and for those purposes and can be transferred to Reserve.
Shubhangi Jain
answered
**Yes**, a limited company may, by special resolution, determine that any portion of its share capital which has not been already called-up shall not be capable of being called-up, except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called-up except in that event and for those purposes and can be transferred to Reserve.
ARJUN PRATAP SINGH
answered
Dear Friend,
as far as your query is concerned that Can a portion of Company’s uncalled Share Capital be transferred to Reserve Liability?
Let me informed that a limited company may, by special resolution, determine that any portion of its share capital which has not been already called-up shall not be capable of being called-up, except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called-up except in that event and for those purposes and can be transferred to Reserve.
Hope answer was helpful to you
Regards,
Arjun Pratap Singh
