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Unpaid share capital is where none of the monies due for an allotment of shares which have been issued has been paid.

There is no requirement, unless specified in the company's memorandum and articles of association, for share capital to be paid up. The only exception to this is where a company is being dissolved. Although the shareholders might enjoy limited liability protection, their obligation to pay for the shares which have been issued to them is not diminished.

Unpaid share capital is capital that has been subscribed but for which no capital call has yet been issued.

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14y ago

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