# Section 49 — Calls on Uniform Basis

## Rule

Calls made on any class of shares shall be made on a uniform basis on all shares of that class.

## Note

Different Face Value (FV) = Different class.
Therefore, uniformity is required within shares of the same class only.
Shares of different face values can be treated as different classes for the purpose of calls.

Worked example

### Example 1

Example: A company makes a call of ₹10 per share on equity shares of ₹100 FV and ₹5 per share on equity shares of ₹50 FV. Is this valid under Section 49?

Answer: Yes. Shares with different face values are treated as different classes. The uniformity rule applies within each class separately, so this is valid.

⚠️ Common exam mistakes

Assuming that all equity shares must have an identical call regardless of face value.
Overlooking that 'class' is determined by face value/rights, not just by 'equity vs preference'.

Bare-Act text Section 49 · Companies Act, 2013 · click to expand

Section 49 of the Companies Act, 2013 — Calls on shares of same class to be made on uniform basis.

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Section 49 - Calls on Shares on Uniform Basis

Worked example

⚠️ Common exam mistakes