Question

what is mean by calls in advance? state the provisions of it under companies act.​

Answer 1

Answer:Calls-in-Advance : It means calls not due but paid by the shareholder in advance. Thus, the amount of future calls is received in advance by the company. In other words, when a shareholder pays the whole amount or a part of the amount in advance, i.e., before the company calls, then it is termed as calls in advance.

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