Notice to a Shareholder for Call Money (Unpaid)

Notice for Payment of Call Money

Date: [Date]

To,
[Shareholder Name]
Folio No. [Folio No.]
[Address]

Subject: Payment of [First/Final] Call money on [number] partly paid equity shares of [Company Name].

Dear Mr./Ms. [Shareholder Name],

1. The Board of Directors, at its meeting held on [Board meeting date], resolved to make a call of Rs. [amount] per share on the partly paid equity shares of the company.
2. Accordingly, a sum of Rs. [total amount] is due and payable by you in respect of your [number] equity shares bearing distinctive numbers [___] / Folio No. [Folio No.].
3. You are requested to remit the aforesaid amount on or before [due date] by [mode of payment] to the company's account [account details].
4. Please note that as per Article [___] of the Articles of Association and the Companies Act, 2013, unpaid call money will attract interest at [rate]% per annum and may render the shares liable to forfeiture.