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[Cites 0, Cited by 0] [Section 101(1)] [Section 101] [Entire Act]

Union of India - Subsection

Section 101(1)(b) in Indian Companies Act, 1913

(b)if no amount is so fixed and named, then the whole amount of the share capital so offered for subscription, has been subscribed, and the sum payable on application for the amount so fixed and named, or for the whole amount offered for subscription, has been paid to and received in cash by the company.