Section 152 Companies and Allied Matters Act is about Payment on allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.
Payment on allotment
Subject to the provisions of sections 160 – 163 of this Act, a company may, in its articles, make provision with respect to payments on allotment of its shares.
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