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Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order] - Taxscan

2 Jan 2026 · 2 Jan 2026Source: Taxscan

Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order] Taxscan

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