Section 50.Company to accept unpaid share capital, although not called up. | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR
   valid as on 05/05/2025

Section 50.Company to accept unpaid share capital, although not called up.
Effective from 12-09-2013

(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 right in respect of the amount paid by him under sub-section (1) until that amount has been called up.

Enforcement notification S.O.2754 (E) dated 12/09/2013


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