Section 26 in The Orissa State Financial Corporation General Regulations, 2003
26. Notice to be given if call or instalment not paid.
- If any shareholder fails to pay the whole or any part of a call or instalment or any money due in respect of any shares either by way of principal or interest on or before tho day appointed for the payment of the same, the Board may at any time thereafter during such time as the call or instalment or any part thereof or other moneys remain unpaid of a judgement or decree in respect thereof remains unsatisfied in whole or in part, serve a notice on such share holder or on the person (if any) entitled to the share by transmission, requiring him to pay such call or instalment of such part thereof or other moneys as remain unpaid together with any interest that may have accrued and all expenses (legal or otherwise) that may have been paid or incurred by the Corporation by reason on such non-payment.
