SHARE CAPITAL AND DEBENTURES
[Section 50 is brought to force with effect from September 12, 2013.]
Company to accept unpaid share capital, although not called up.
Section 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.