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2010 (10) TMI 1179 - Board - Companies LawExtract: .......n false and concocted grounds. 35. It was argued that the petition is not correctly stated, at the time of incorporation of the R-1-company its authorised share capital was ₹ 5 lakh and not ₹ 25 lakh as alleged by the petitioner. At present the authorised share capital of the R-1-company is ₹ 60 lakh and the issued and subscribed.
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