Section 49 Calls on shares of same class to be made on uniform basis
49. Calls on shares of same class to be made on uniform basis.—
Where any calls for further share capital are made on the shares of a class, such calls shall be made on a uniform basis on all shares falling under that class.
Explanation.—For the purposes of this section, shares of the same nominal value on which different amounts have been paid-up shall not be deemed to fall under the same class.