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(Querist)
02 February 2011 Dear Friends,

in pvt ltd co there is 2 subscribers at the time of incorpn and one of the subscriber is not paid the subscription in relation to no of shares held by him after incorpn

can we treated as deemed dividend? or wind up
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Rohit Agarwal

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Rohit Agarwal (Expert)
03 February 2011
Dear Ganesh,

The situation will be based upon conditions in articles of association.

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