jaggu
asked over 2 years ago
Hi May I know, Can a portion of Company’s uncalled Share Capital be transferred to Reserve Liability?
veeru
answered over 2 years ago
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.
veeru
answered over 2 years ago
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 over 2 years ago
**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 over 2 years ago
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
