Section 99 – The Companies Act,1956

The Companies Act, 1956

99. Reserve liability of limited company.

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.

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The Companies Act, 1956

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