(1) Where a company to which section 155 applies allots a share which is not fully paid up as required by section 150(3)(b) the share shall be treated as if its nominal value together with the whole of any premium had been received, but the allottee shall be liable to pay the company in cash the full amount which should have been received in respect of the share under that subsection less the value of any consideration actually applied in payment up (to any extent) of the share and any premium on it, and interest at the appropriate rate on the amount payable under this subsection.
(2) Where a company to which section 155 applies allots a share which is not fully paid for in cash as required by section 150(3)(c) the allottee of the share shall be liable to pay the company in cash an amount equal to its nominal value, together with the whole of any premium, and shall be liable to pay interest at the appropriate rate on the amount payable under this subsection.
(3) Subsection (1) sha