Is a dormant company need to pay paidup capital at the time of incorporation?

We're planning to incorporate our new startup as private limited company. At this moment, we won't have no significant transactions on next three years, and no offices and employees, or operations. So we considering 'dormant company' feature, currently we have only ~Rs 50,000 for this business - will use for professional fees of incorporation. Is it possible incorporating a private limited dormant company without paying paidup capital within one year period?