Section 290 Companies Act Explained: Power of Central Government to make calls | Nyaya

Statutory Content

What does Section 290 of Companies Act say?

The Central Government may, by order, make calls on the shareholders of a company for the payment of any moneys due from them to the company, and the shareholders shall pay such moneys to the Central Government.

Indian StandardSection 290, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 290 (India)

Court Pleading StandardSection 290 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 290 Companies Act

What is Section 290 of Companies Act?

Section 290 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to make calls". The section states: The Central Government may, by order, make calls on the shareholders of a company for the payment of any moneys due from them to the company, and the shareholders shall pay such mo...

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