Acceptance of unpaid share capital permitted by articles, but amounts paid confer no voting rights until called up. A company may, if authorised by its articles, accept from any member the whole or part of the amount remaining unpaid on any shares held by him even if no part of that amount has been called up; a member of the company limited by shares shall not be entitled to any voting rights in respect of the amount paid by him until that amount has been called up.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Acceptance of unpaid share capital permitted by articles, but amounts paid confer no voting rights until called up.
A company may, if authorised by its articles, accept from any member the whole or part of the amount remaining unpaid on any shares held by him even if no part of that amount has been called up; a member of the company limited by shares shall not be entitled to any voting rights in respect of the amount paid by him until that amount has been called up.
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