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Section 50: Company to accept unpaid share capital, although not called up.

The Companies Act, 2013Central Act · Act 18 of 2013

(1) 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.

(2) 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.

Where this provision sits

ActThe Companies Act, 2013
Section50
Marginal noteCompany to accept unpaid share capital, although not called up.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it2

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