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    A company can accept calls in advance, if authorised by:
    Question

    A company can accept calls in advance, if authorised by:

    A.

    Shareholders

    B.

    Board of Directors

    C.

    Articles of Association

    D.

    Memorandum of Association

    Correct option is C

    A company can accept calls in advance, if authorised by Articles of Association. Calls in Advance is a situation when the shareholders of a company pay the amount not yet called upon their shares. Section 50 of the Companies Act, 2013 says that the company can accept the amount of Calls in Advance only when it is authorised by its Articles of Association.

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