What is the maximum amount a company can call on shareholders on any call?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 25% of face value of shares.
The maximum amount a company can call on shareholders on any call is 25% of face value of shares.
Two points are important regarding the calls on shares.
First, the amount on any call should not exceed 25% of the face value of shares.
Second, there must be an interval of at least one month between the making of two calls unless otherwise provided by the articles of association of the company.