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ACCEPTANCE OF UNPAID SHARE CAPITAL [SECTION 50]
A company may accept from any member, the whole or a part of amount remaining unpaid on his shares, even if company has not called that amount. For this purpose, company should have authorised by its articles.
In such a case, the member shall not be entitle to any voting right in respect of the amount paid by him, until that amount has been called us by the company.
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