Question

37.
Star Ltd. has received applications for 48 crores (issue size was
50 crores). Discuss the documents filled with the register of
companies.
[Hint]:
i) A declaration that 90% of the issued amount has been
subscribed.
ii) A declaration that all the directors have paid in cash in
respect of allotment of shares made to them.
iii) A statutory declaration that the above requirements have
been completed and must be signed by the director of
company.
28​

Answer 1

Answer:

it should be 1st one

Explanation:

because it is neccessary to do it