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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.
Which of the following countries is not included in the Colombo Security Conclave?
In August 2020, the Africa Regional Certification Commission certified the WHO
African Region as free from _______ after four years without a case?
Which of the following organizations has already made a profit of Rs 18,348 crore in the second quarter of the financial year 2022?
For which of the following age groups of Children, Article 21A makes provision that the state shall provide free and compulsory education?
Who has been presided over the first three-member commission for determining the relationship= between the Center and the State?
As of 10 April 2022, who among the following is the senior most minister in terms of age among the council of ministers?
When is World Braille Day observed each year?
Who founded the Hindu reform organisation Brahmo Samaj?
Shri SL Bhyrappa received Padma Bhushan in the year 2023 for distinguished service of high order in which field?
The effluents of which among the following industries are considered to be the main cause for lowering the pH value of river water?