Companies Act 2014 section 79

Further provisions about calls (different times and amounts of calls)

Section 79 sets out the flexibility a company has regarding the timing and amounts of calls on shares, the acceptance of advance payments, proportional dividends, and the reservation of uncalled capital for winding up purposes.

• A company may arrange different payment amounts and schedules for different shareholders when issuing shares.
• A company may accept full or partial payment of unpaid amounts on shares from a member, even if no formal call has been made.
• Where different amounts have been paid up on different shares, dividends may be paid in proportion to the amount paid up on each share.
• By special resolution, a company may designate uncalled share capital as only callable in the event the company is being wound up.

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