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Question
Explain the following term/concept.
Calls on shares
Short/Brief Note
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Solution
(a) Calls on shares mean the demand made by the company on its shareholders holding partly paid shares to pay part or full unpaid amount on the shares.
(b) A call may be defined as "A demand made by the company on its shareholders to pay whole or part of the balance remaining unpaid on each share at any time during the lifetime of a company".
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