When a company does not have its own articles of association, provisions of which table will apply: |
Table A Table F Table C Table E |
Table A |
The correct answer is option 1- Table A. 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. |