Question

There must be an interval of atleast ______ month between the making of the two calls.

Options

• one

• three

Answer 1

There must be an interval of atleast one month between the making of the two calls.

Explanation:

According to company law provisions, there must be an interval of at least one month between two successive calls on shares. This rule ensures that shareholders have adequate time to arrange funds for the next payment. It also helps the company manage its finances and keep track of collections efficiently.