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1955 (4) TMI 22 - HIGH COURT OF PUNJABExtract: .......re him and they are clear authorities on the point that no allotment of shares is necessary to create liability on the part of a person who has subscribed to the memorandum of association. I accordingly dismiss the objections of Sampuran Singh with costs and order that his name be included in the list of contributories of the company for 50 shares.
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