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Omitted
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X X X X Extracts X X X X
.... as, "Commencement of business, etc. 11. (1) A company having a share capital shall not commence any business or exercise any borrowing powers unless- (a) a declaration is filed by a director in such form and verified in such manner as may be prescribed, with the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him ....
TaxTMI
TaxTMI