No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the _______ as the minimum amount has been subscribed.
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.
Who is the Governor of Gujarat, as of January 2023?
Who was the Indian Cabinet Minister of Corporate Affairs as on 31 July 2020?
Arrange the following persons in descending order as per the year in which they received Rajiv Gandhi Khel Ratna.
A. Virat Kohli
B. Bajran...
Eight chairs are placed at a uniform distance from each other around a round table. C and D are equal distance away from both A and B; E sits between A...
What is the primary reason for the green color in plants?
______ state has become the first state to implement Biofuel Policy in the country?
The unit of magnetic intensity in the CGS (centimetre-gram-second) system is
What is the correct full form of NABARD from below?
Who is the CEO of IBM?
Which of the following was NOT included in the definition of 'children' by the Maintenance and Welfare of Parents and Senior Citizens Act, 2007?