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.