Section 192: Power to make call on shares

192. Power to make call on shares (1) (a) A receiver has the same powers as the directors of a company has or, if the company is in liquidation, as the directors would have if it was not in liquidation, to make calls on the shareholders of the company in respect of uncalled capital that is charged under the instrument by or under which the receiver was appointed and charge interest on, and enforce payment of calls. (b) For the purpose of subsection (1) (a), the expression “uncalled capital” includes any payment in respect of the issue of shares or under the constitution of the company. (2) The making of a call or the exercise of a power under subsection (1) is, as between the shareholders of the company affected and the company, deemed to be a proper call or power made or exercised by directors of the company. [Issue 3] I14 – 112 Revised Laws of Mauritius