The amount on any call should not exceed of the face value of shares.

25%

The correct answer is option 2- 25%.

The amount on any call should not exceed of 25% the face value of shares.

Where there is no articles of association of its own, the following provisions of Table A will apply:

(a) A period of one month must elapse between two calls.

(b) The amount of call should not exceed 25% of the face value of the share.

(c) Calls must be made on a uniform basis on all shares within the same class.

(d) A minimum of 14 days’ notice is given to the shareholders to pay the amount.