Bare ActsCompanies Act, 1956

Section 99

Reserve liability of limited company

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

A limited company may, by special resolution, determine that any portion of its share capital which has not been already called-up shall not be capable of being called-up, except in the event and for the purposes of the company being wound up, and thereupon that portion of its share capital shall not be capable of being called-up except in that event and for those purposes.

Section 99 – Companies Act, 1956 | DailyLaw.ai