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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 train 525 meters long running at a speed of 103 kmph overtakes another train which is 425 meters long running at a speed of 73 kmph in the same direc...
Ratio of the lengths of two trains ‘X’ and ‘Y’ is 3:4 respectively and the ratio of time taken by them to cross a pole is 1:2 respectively. If s...
A goods train leaves a station at a certain time and at a fixed speed. After 11 hours, an express train leaves the same station and moves in the same di...
A 180 m long train crosses another 270 m long train running in the opposite direction in 12 seconds. If the shorter train crosses a pole in 12 seconds, ...
A train passes a stationary pole in 12 seconds. It takes 15 seconds for the same train to completely overtake a man who is running at a speed of 14.4 k...
Time is taken by two trains running in opposite directions to cross a man standing on the platform in 26 seconds and 16 seconds respectively. It took 18...
Two trains, each 100 meters long, are running in opposite directions. If one train's speed is twice that of the other and they take 10 seconds to cross ...
Two trains of same length are running in parallel tracks in the same direction with speed 60 km/hr and 90 km/hr respectively. The latter completely cros...
Two trains approach each other at 23 kmph and 26 kmph from 2 places 245 km apart. After how many hours they will meet?
Two trains, A and B, cross each other in 15 seconds and 35 seconds respectively, when running in opposite and the same direction respectively. If the sp...