Acceptance of unpaid share capital permitted if articles allow, but contributors gain 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 shares even if that amount has not been called up; however, a member who pays under that provision is not entitled to voting rights in respect of the amount so paid until the 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 if articles allow, but contributors gain 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 shares even if that amount has not been called up; however, a member who pays under that provision is not entitled to voting rights in respect of the amount so paid until the amount has been called up.
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