Companies Act, 2013
50.
Company
to accept unpaid share capital, although not called up.
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.