Mera Samvidhaan All of Companies Act, 2013

Chapter IV · Share Capital and Debentures

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

Section 50 · Chapter IV · page 48 of the Act

(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.

Other provisions that mention Section 50

Section 50 of The Companies Act, 2013 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.