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Allotment of Share

The Memorandum of Association and the Articles of Association of a company were delivered to the Registrar on 10 June for registration. On 15 June, the Registrar issued the Certificate of Incorporation but dated 10 June. The company made allotment of its share on 12 June. The allotment is challenged on the ground that it was made before the actual date of incorporation. Is the allotment of shares valid?

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