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This notice informs shareholders of Patel Integrated Logistics Limited about the First and Final Call Money of ₹7.50 per partly paid-up equity share, due by November 4, 2022.
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What is first and final call?
First and final call is a legal notice issued to shareholders regarding the payment of unpaid calls on shares. It signifies that this is the first and last opportunity for shareholders to pay the outstanding amount before further action is initiated.
Who is required to file first and final call?
The company that issued the shares is required to file the first and final call to notify shareholders of their outstanding dues.
How to fill out first and final call?
To fill out the first and final call, companies must include details such as the total amount due, the date for payment, and any penalties for non-payment, along with the shareholders' information.
What is the purpose of first and final call?
The purpose of the first and final call is to collect outstanding amounts from shareholders for shares they have subscribed to, ensuring that the company can maintain its financial viability.
What information must be reported on first and final call?
The report must include the amount due, due date for payment, details of the shares affected, the rationale for the call, and any consequences of not complying.
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