Bare ActsThe Bengal Bonded Warehouse Association Act, 1838

Section 22

Calls for share money.

Amendment status not verified — confirm the current text below against the official source.

1 * * * The Directors of the said Association shall have authority to call on the proprietors to pay such instalment or instalments as shall, together with the instalments already paid, amount to a sum not exceeding 50 per cent. on each share; and 1 * * * no further call shall be made, except in consequence of a vote of a general meeting of the proprietors, authorising such further call; provided always that no proprietor shall be called upon to pay more in proportion to his share in the Capital Stock than any other proprietor.

Section 22 – The Bengal Bonded Warehouse Association Act, 1838 | DailyLaw.ai