OpenLegislation

Paragraph 16

England, Wales and Scotland

An amount payable in respect of a share on allotment or at any fixed date, whether in respect of nominal value or premium or as an instalment of a call, shall be deemed to be a call and if it is not paid the provisions of the articles shall apply as if that amount had become due and payable by virtue of a call.

Notes on Schedule

Commencement

I1

Sch. in force at 1.7.1985, see reg. 1