Section 50 of Companies Act 2013- company to Accept Unpaid Share Capital, Although not Called Up.
Section 50(1) of Companies Act 2013
A company may, if so authorised by its articles, accept from any member, the whole or a part of the amount remaining unpaid on any shares held by him, even if no part of that amount has been called up.
Section 50(2) of Companies Act 2013
A member of the company limited by shares shall not be entitled to any voting rights in respect of the amount paid by him under sub-section (1) until that amount has been called up.
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