https://www.taxtmi.com/acts?id=3422 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 05 Aug 2025 15:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3422 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3422