(1) There should be a provision in the Articles of the Company to make call on share. (2) Call on the same class of shares must be uniform without any bias. (3) A resolution must be passed in the meetings of the Board of Directors before making call. (4) Demand notice of share call must indicate the amount of call, time limit, place of payment of call, dates etc. (5) Share transfer and voting rights of the member can be suspended till the call money is paid. (6) Amount of call on shares received is deposited with a bank by opening a “Share Call” account. (7) There should be an interval of atleast one month between the payments of two instalments. (8) The company can charge interest on call amount not received in prescribed time limit. However, Directors may waive such interest, partly or fully.