Comment, if in the following cases, the person concerned will be disqualified to be appointed as a director of a public limited company : (c) Raja has not paid the final call on 10,000 equity shares held by him in the Co
CS Professional · Advanced Company Law and Practice · PYQS · June 2019
Comment, if in the following cases, the person concerned will be disqualified to be appointed as a director of a public limited company : (c) Raja has not paid the final call on 10,000 equity shares held by him in the Company so far. The company had fixed 31 st May, 2019 as the last date for the payment of the call money.
Answer & Explanation:
A person who has not paid the calls on shares due and a period of 6 months have elapsed from the due date fixed for payment, shall be disqualified. In this case, since a period of 6 months has not yet elapsed from the due date fixed for payment of call money, which is 31 st May 2019 and therefore, Raja is not disqualified.
Topics: Company Law
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