Failure to subscribe to eligible capital issues may attract a penalty directed by the Joint Commissioner for non compliance. Failure to subscribe to an eligible issue of capital within the prescribed six month period permits the Joint Commissioner to direct payment by way of ... Summary
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Failure to subscribe to eligible capital issues may attract a penalty directed by the Joint Commissioner for non compliance.
Failure to subscribe to an eligible issue of capital within the prescribed six month period permits the Joint Commissioner to direct payment by way of penalty assessed against the unsubscribed amount, creating an administrative enforcement mechanism tying a time bound subscription obligation to a financial sanction.
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