63[Failure to subscribe to the eligible issue of capital.
271BB. Whoever fails to
subscribe any amount of subscription to the units issued under any scheme
referred to in sub-section (1) of section 88A 64 to the eligible issue
of capital under that sub-section within the period of six months specified
therein, may be directed by the 65[Joint] Commissioner to
pay, by way of penalty, a sum equal to twenty per cent of such amount.]