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definition of "call in arrears"
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Answer / achala
to start any company,it must need the capital.for this
purpose company calls the public to give money to start the
business.persons who help the company by giving money to
them are called as share holders.in return to that money
company issues a share certificate to these share
holders.example:-"a" company wants to start the business.
it requires 10,000/- rs to start.it offer shares to the
public.i.e 1000 shares of rs 10 each.initially it may not
be wanting so much of money and agrees with the share
holders to pay in two calls.company make a call for the
first time.all the share holders pay to the company rs 5
for every share -5*1000=5000.after two monts it again makes
a call.but share holders will not make the payment.this due
amount is called calls in arrears.
| Is This Answer Correct ? | 43 Yes | 7 No |
Answer / subhash bandi ku 9848741648
WHEN THE COMPANY REQUIRE THE CAPITAL AT THE TIME THE
COMPANY WILL CALL THE EXISTING EQUITY SHAREHOLDER TO PAY
THE REMAING SHARE CAPITAL IF THE SHAREHOLDER UNABLE TO PAY
THAT AMOUNT THE IS CALL CALLS IN ERRORS
EX: MAMMU COMPAY IS THE SHARE EACH ONE 100 THIS AMOUNT
PROCURE THROUGH SUBSCRIBE 25 FIST CALL 30 SEND CALL 25 AND
FINAL CALL 20. SUBHASH HE IS THE ONE OF SHAREHOLDER AFTER
SUBSCRIBE, FIRST AND SECOND CALL HE IS UNABLE TO PAY THE
FINAL CALL WHEN THE COMPANY CALL THE FINAL CALL THAT AMOUT
NOTHING BUT 20 IS CALLS IN ERROR.
| Is This Answer Correct ? | 42 Yes | 21 No |
Answer / bullireddy
The amount which is not paid by the share holder till the
last date for the payment.
suppose one company require capiral, at the time the
company issue shares to existing share holders.the share
holders pay the first time call.and second call he is
unable to pay that one.that is calls in arrears
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / vipin balakrishnan
calls in arrears arises when issued capital at a value 100
is offered to the shareholders and shareholders in return
pays only 75 that means its partly paid only. So this
difference (of 25) between issued capital and paid
upcapital is known as call in arrears. The company later on
will issue notice to the share holders who had only partly
paid to pay back the balance amount of the shares with
interest due thereon, other wise they will forfiet the
partly paid shares without refunding the amount partly
paid.
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / bebe
if the some amount is remain to pay among issued capital that is known as calls in arrears
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / joshua
when one or more shareholders fail to pay the amount due the
amount due from them towards allotement and/ or calls,such
dues are called calls in arrear
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / tunde
The outstanding difference between issued capital and paid-
up capital is called calls-in-arrears.For example, if after
allotment,a shareholder is yet to pay up total sum of
shares alloted, the outstanding balance owed by the
shareholder will be in call-in-arrears account, untill the
company makes a second call for payment of outstanding
balance and if the shareholder fails he will forfit the
shares alloted to him.
| Is This Answer Correct ? | 0 Yes | 1 No |
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