Effect of irregular allotment.

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..... within two months after the holding of the statutory meeting of the company, and not later, or (b) in any case where the company is not required to hold a statutory meeting or where the allotment is made after the holding of the statutory meeting, within two months after the date of the allotment, and not later. (2) The allotment shall be voidable as aforesaid, notwithstanding that .....

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