Start learning 50% faster. Sign in now
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 is/are advantages of Foreign Direct Investment:
What percentage of global GDP is contributed by MSMEs, as per the United Nations?
Atal Pension Yojana provides a minimum guaranteed pension ranging from Rs 1000 to ______ on attaining 60 years of age.
According to Union Budget 2023-24, consider the following statements regarding Legislative Changes In GST laws:
1. Raise the minimum thre...
Which one of the following is an effect of inflation:
Which of the following Statements depict correct picture of Poverty?
I- lack of basic capacity to participate effectively in society.
What is the minimum amount that needs to be invested in Alternate Investment Fund?
During the financial year 2024-2025 (from April 1, 2024, to November 18, 2024), how many MSME proposals were approved by the Odisha government's Single ...
A loan granted for short duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for…………
...Lenders shall report credit information, including classification of an account as SMA to Central Repository of Information on Large Credits (CRILC), o...