Hi May I know, Can a portion of Company’s uncalled Share Capital be transferred to Reserve Liability?
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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.
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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.
**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.
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