The Companies Act, 2013
Chapter-IV Share Capital and Debentures
Section 50: Company to accept unpaid share capital, although not called up.
*50. (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.
*Effective from 12.09.2013
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