You are viewing the translated version of शेयर बापतको रकमको भुक्तानी.
Section 53
Payment of amount for shares
: (1) The amount for shares must be paid and repaid within the required period according to the regulations.
(2) According to sub-section (1), when the company demands installments, it shall send a written notice in the prescribed format, giving a period of at least thirty days, stating the installment amount, time and place to be paid in the name of each shareholder. The public company shall publish such information at least twice in national level daily newspapers.
(3) If a shareholder does not pay the amount due for shares within the period mentioned in sub-section (2), from the date of exceeding that period, an additional period of three months will be given and if he brings it to be paid within that period, it will be paid with interest at the prescribed rate and if he is not paid within that period, his shares will be forfeited. Clear disclosure should be given to the relevant shareholders. In the case of public companies, such information should be published at least three times in national level daily newspapers. If the installment is not paid even within the deadline of the notification, the company may seize the remaining shares or all the shares by retaining the shares in his name, including the amount paid in respect of the shares or if any dividends have been withheld in respect of the shares in respect of which the notice has been given. However, if the company is liquidated or liquidated before the shares are confiscated, the remaining amount due for the shares that may be confiscated can be recovered as a debt according to the prevailing law.
(4) In case of forfeiture of shares in accordance with sub-section (3), the board of directors may refund the amount already paid for the forfeited shares and if any dividend has been withheld for such shares, or issue shares up to the value of that amount, and if the amount is refunded, the shares shall be forfeited. The amount should be returned within three months.
(5) If the amount is not returned within three months according to sub-section (4), the interest charged on that amount after the expiry of that period shall also be paid.
(6) The shares seized under sub-section (3) may be sold or disposed of in any manner deemed appropriate by the board of directors subject to the regulations.
(7) For three consecutive years or more mA company operating at a profit may pass a special resolution in the general assembly and determine that some part of its share capital that is not required to be paid cannot be demanded except when the company is liquidated or goes into liquidation.
(8) After passing a special resolution as per sub-section (6), the amount of share capital remaining to be demanded for payment as mentioned in that resolution cannot be demanded except when the general meeting passes another special resolution and demands it, except when the company is liquidated or goes into liquidation.
(2) According to sub-section (1), when the company demands installments, it shall send a written notice in the prescribed format, giving a period of at least thirty days, stating the installment amount, time and place to be paid in the name of each shareholder. The public company shall publish such information at least twice in national level daily newspapers.
(3) If a shareholder does not pay the amount due for shares within the period mentioned in sub-section (2), from the date of exceeding that period, an additional period of three months will be given and if he brings it to be paid within that period, it will be paid with interest at the prescribed rate and if he is not paid within that period, his shares will be forfeited. Clear disclosure should be given to the relevant shareholders. In the case of public companies, such information should be published at least three times in national level daily newspapers. If the installment is not paid even within the deadline of the notification, the company may seize the remaining shares or all the shares by retaining the shares in his name, including the amount paid in respect of the shares or if any dividends have been withheld in respect of the shares in respect of which the notice has been given. However, if the company is liquidated or liquidated before the shares are confiscated, the remaining amount due for the shares that may be confiscated can be recovered as a debt according to the prevailing law.
(4) In case of forfeiture of shares in accordance with sub-section (3), the board of directors may refund the amount already paid for the forfeited shares and if any dividend has been withheld for such shares, or issue shares up to the value of that amount, and if the amount is refunded, the shares shall be forfeited. The amount should be returned within three months.
(5) If the amount is not returned within three months according to sub-section (4), the interest charged on that amount after the expiry of that period shall also be paid.
(6) The shares seized under sub-section (3) may be sold or disposed of in any manner deemed appropriate by the board of directors subject to the regulations.
(7) For three consecutive years or more mA company operating at a profit may pass a special resolution in the general assembly and determine that some part of its share capital that is not required to be paid cannot be demanded except when the company is liquidated or goes into liquidation.
(8) After passing a special resolution as per sub-section (6), the amount of share capital remaining to be demanded for payment as mentioned in that resolution cannot be demanded except when the general meeting passes another special resolution and demands it, except when the company is liquidated or goes into liquidation.