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of <h1>Section 248 Amended: Updates to Clause (c), New Clauses (d) on Subscription Payments and (e) on Business Verification Added.</h1> Section 248 of the principal Act is amended to modify sub-section (1). Clause (c) is updated to substitute 'section 455,' with 'section 455; or'. New clauses (d) and (e) are inserted. Clause (d) addresses the non-payment of subscription by the subscribers to the memorandum within 180 days of incorporation, as required under section 10A. Clause (e) pertains to the company not conducting business or operations, determined through physical verification under section 12, sub-section (9).
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