Well Spun Synthetics Ltd. has made allotment of shares. It was completed on 18 th February, 2014. The ten weeks' time-limit shall expire on 24 th April, 2014. When would the liability of the company to refund the excess
CS Professional · Advanced Company Law and Practice · PYQS · June 2014
Well Spun Synthetics Ltd. has made allotment of shares. It was completed on 18 th February, 2014. The ten weeks' time-limit shall expire on 24 th April, 2014. When would the liability of the company to refund the excess amount begin, 18 th February, 2014 or 24 th April, 2014? Discuss with the help of relevant case law.
Topics: Allotment of Shares
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