Enterslice
Companies Act

Section 50. Company To Accept Unpaid Share Capital, Although Not Called Up

Narendra Kumar
14 Nov, 2023 14 Nov, 2023
Companies Act, 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.

READ  Section 386. Interpretation

Trending Posted