Saved Bookmarks
| 1. |
ASSERTION: SEBI the Regulatory authority for listed companies prescribes that the company must receive minimum subscription of 90% of the shares issued for subscription before it allots the shares. REASON: If minimum subscription is not received within the specified period, application money shall be refunded with 14 days from the closure of the issue. .(i) Both A and R are correct (ii) Both A and R are in correct (iii) A is correct but R is not correct (iv) A is incorrect by R is correct. |
|
Answer» (iii) A is correct but R is not correct |
|