How much gap should be present between making the two calls from the shareholders?
Options:
1 month
2 months
3 months
4 months
Correct Answer:
1 month
Explanation:
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.