Explanation For the purposes of this section (a) the share of a member of a family or of an individual person in the land held by an undivided Hindu family, and (b) the share of a family or of an individual person the land held by a firm, society or association of individuals (whether incorporated or not), or by a company (other than a non agricultural Company, shall be deemed to be the extent of land 932 (i) which, in case such share is held on the appointed day would have been allotted to such member, person or family had such land been partitioned, or divided in proportion to the share held by such member, person or family, as the case may be, no such day; or (ii) which, in case such share is acquired in any manner whatsoever after the appointed day would be allotted to such member, person or family if a partition, or division, in proportion to the share held by such member, person or family, were to take place on the date of the preparation of the draft statement under sub section (1) of section 9.