https://www.taxtmi.com/acts?id=18472 If the stated minimum subscription is unmet or application sums are not received in time, application money must be repaid within fifteen days of the issue's closure; failing which the directors who are officers in default are jointly and severally liable to repay that money with interest. Refunds must be credited only to the bank account from which the subscription was remitted. en-us Tue, 01 Apr 2014 09:46:50 +0530 Wed, 11 Mar 2026 16:21:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18472 If the stated minimum subscription is unmet or application sums are not received in time, application money must be repaid within fifteen days of the issue's closure; failing which the directors who are officers in default are jointly and severally liable to repay that money with interest. Refunds must be credited only to the bank account from which the subscription was remitted. Act-Rules Companies Law Tue, 01 Apr 2014 09:46:50 +0530 https://www.taxtmi.com/acts?id=18472