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08 October 2012 qualification shares were alloted to two directors without any payment.afterwards on the request by those directors these shares were forfeited.is this forfeiture valid??????
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PARDEEP KUMAR AGGARWAL

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PARDEEP KUMAR AGGARWAL (Expert)
09 October 2012 Such forfeiture is invalid and Directors are responsible to pay the nominal value of shares alloted to them as qualification shares.

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