If the minimum subscription is not received by the company, then the refund of application money should be made within ______ days.
A) 7
B) 9
C) 10
D) 22
Correct Answer:
Verified
Q1: Debentures can be issued only
A)at par
B)at discount
C)premium
D)any
Q3: Cancelation of shares mean
A)reissue of shares
B)valuation of
Q4: To issue shares on premium mean
A)issue on
Q5: To issue shares on Par mean
A)issue on
Q6: To issue shares on Discount mean
A)issue on
Q7: Forfeited shares to become _
A)property of the
Q8: Debentures represent the _
A)manager's share in a
Q9: Discount on issue of debentures is shown
Q10: The excess price received over the par
Q11: The Securities Premium amount may be utilized
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