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Anonymous Posted 21 years ago
Legal Studies
Articles of Association - What are "Calls"?
I have a contract "Articles of Associatiom" of a sample company. There is a section dealing with shares. In this section, there is a paragraph saying:
"The Company may make arrangements on the issue of shares for a difference between the holders of such shares in the amount of calls to be paid and the time of payment of such calls."
I don´t understand this sentence at all. Can somebody help me?
Thank you very much in advance.
"The Company may make arrangements on the issue of shares for a difference between the holders of such shares in the amount of calls to be paid and the time of payment of such calls."
I don´t understand this sentence at all. Can somebody help me?
Thank you very much in advance.
Top answer
" 1. I understand, that the minimum shall not exceed the . of any of ....
- " 1.
- I understand, that the minimum shall not exceed the .
- of any of ....
- Is that correct?
- It would make more sense for me, if it meant "...
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6 Answers
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A further sentence which is not completely clear:
"The minimum amount shall not exceed the nominal amount of each of the shares from which the stock arose."
1. I understand, that the minimum shall not exceed the ... of any of ....! Is that correct? It would make more sense for me, if it meant "... shall not exceed the sum of the shares from which
"The minimum amount shall not exceed the nominal amount of each of the shares from which the stock arose."
1. I understand, that the minimum shall not exceed the ... of any of ....! Is that correct? It would make more sense for me, if it meant "... shall not exceed the sum of the shares from which
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What is the difference? In the Articles of Association of a company, it is stated that shares can be transferred into stock.
I thought both was the same. Obviously, I was wrong. Otherwise these Articles wouldn´t make sence. But they seem to be well-written.
I thought both was the same. Obviously, I was wrong. Otherwise these Articles wouldn´t make sence. But they seem to be well-written.
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I'm not an expert in this area, but I think they refer to call options.
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Generally a share is offered "fully paid". Sometimes, however, a company may issue a share at less than its nominal value and then "make calls" to the holders of such shares to pay up the balance or part of it.
A call option is something quite different and refers to a way of trading shares.
A call option is something quite different and refers to a way of trading shares.
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In practical terms there is no difference between a share and stock. A share is best thought of a unit of a company. Stock is best thought of as a fund of which you own part.
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