CUET Preparation Today
In public subscription, when there is no articles of association, which of the following provision is not true? |
The amount of call should not exceed 25% of the face value of the share A period of three months must elapse between two calls A minimum of 14 days’ notice is given to the shareholders to pay the amount Calls must be made on a uniform basis on all shares within the same class |
A period of three months must elapse between two calls |
The correct answer is Option (2) → A period of three months must elapse between two calls |
