Originally Posted by
Andromeda
Consider an example where it was not done.... and then a few years later the original shareholder takes in a partner, and then some later the partner discovers that the original allotment was never properly done, by simply reading the minutes in the minute book; in such a scenario the original shareholder is at the mercy of the partner. The only way to correct it is to apply to the courts for condonation. The application will only be successful if positively supported by both shareholders, but beware if they are in dispute.
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