31. The capital of the ordinary shares offered under section 30 (4) shall be payable-
| (a) as to ten per centum on application; |
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| (b) as to a further fifteen per centum on allotment; |
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| (c) as to a further twenty-five per centum within three months after the date of allotment; and |
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| (d) as to the unpaid balance by such further calls as the directors may from time to time deem necessary. |
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Sri Lanka Consolidated Acts