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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.
The Small banks of India can provide a maximum loan of Rs ?
National Investment and Infrastructure Fund (NIIF) was created to enhance infrastructure funding with a corpus of:
Who has acquired the L&T Mutual Funds?
Narendranath Dutt is the real name of which of the following Great Personalities of India?
On the banks of which river is the Chennakeshava Temple, commissioned by King Vishnuvardhana, located?
Banks have launched an app naming _____for electronic commerce transactions
Where in India the famous Saffron Festival is being celebrated?
What was India's weight in the MSCI All Country World Investable Market Index (ACWI IMI) by the end of August 2024?
Which of the following is a liability?
Which of the following statements are correct in regards to Article 323A:
1. It deals with Administrative Tribunals.
2. It contemplates th...