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Insertion of new section 10A - Commencement of business etc.

Section 3 - Amendment Acts - Companies (Amendment) Ordinance, 2018 - Section 3 - 3. Insertion of new section 10A. After section 10 of the principal Act, the following section shall be inserted, namely:- Commencement of business .....

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ed by a director within a period of one hundred and eighty days of the date of incorporation of the company in such form and verified in such manner as may be prescribed, with the Registrar that every subscriber to the memorandum has paid the value o .....

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any default is made in complying with the requirements of this section, the company shall be liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during whic .....

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