Explain the legal consequences of payment of a call in advance a shareholder.

 The shareholders liability is reduced or extinguished.
 The shareholder becomes a creditor to the company to the extent of the payment.
 The company cannot be compelled to repay the amount.

(Visited 81 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *