There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

Atleast one month

The correct answer is option 4- Atleast one month.

There must be an interval of atleast 1 month between the making of two calls unless otherwise provided by the articles of association of the company.

Calls play a vital role in making shares fully paid-up and for realising the full amount of shares from the shareholders. In the event of shares not being fully called up till the completion of allotment, the directors have the authority to ask for the remaining amount on shares as and when they decide about the same.  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.