Star Ltd. has received applications for …

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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
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