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15:18 Aug 7, 2010
This question was closed without grading. Reason: Other
English to Russian translations [PRO] Law: Contract(s)
English term or phrase:which calls are not payable
The directors may make calls upon the members in respect of any money unpaid on their shares (in relation to their nominal value or as a premium thereon), which calls are not payable, according to the terms of shares issue.
Can you post the sentence before and the sentence after? A call on shares is a demand for shareholders to pay. It does not make any sense that it would not be payable, unless the problem is related to some poorly-placed commas.