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Section 39 - Allotment of securities by company. (1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other instrument. (2) The amount payable on application on every security shall not be less than five per cent of the nominal amount of the security or such other percentage or amount, as may be specified by the Securities and Exchange Board by making regulations in this behalf. (3) If the stated minimum amount has not been subscribed and the sum payable on application is not received within a period of thirty days from the date of issue of the prospectus, or such other period as may be specified by the Securities and Exchange Board, the amount received under sub-section (1) shall be returned within such time and manner as may be prescribed.
A’s age is 140% of what he was 2 years ago, But 70% of what it will be after 2 years. What is his present age?
A 15-member group has two individuals aged 18 and 23. When excluded, the average age of the rest increases by 3 years. Find the average age of all members.
Currently, the ages of 'P' and 'Q' are in the ratio of 4:9. 'Y' years in the past, the ratio of their ages was 1:3. Three years from now, 'P' will be ha...
Ten years ago, the average age of five employees was 35 years. The present average age is 45 years after the inclusion of two new employees. Find the pr...
The sum of present ages of ‘Rahul’ and ‘Sneha’ is 48 years. The present age of ‘Sneha’ is half the age of ‘Tanya’ 4 years hence. If the ...
A man is 6 times as old as his daughter. After 4 years, he will be 4 times as old as she will be. After how many more years will the man be 3 times as o...
The average age of 26 smdents in a class is 15 years. If teacher's age is included in it, then the average will increase by one. What is the teacher's a...