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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 situation is given, followed by two conclusions I and II. Read the situation and both the conclusions carefully and select the correct answer.
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Statements: X > T, F = Q ≥ E < T
Conclusions: X < E, X = E
Given below are two statements, followed by two conclusions. Assume the given statements to be true even if they vary with commonly known facts. Based o...
Read the given statements and conclusions carefully. Decide which of the given conclusions is true based the given statements.
Statement: Dhoni i...
Statements: I > F = A ≤ M = S > T ≥ O = X
Conclusion
I: X < M
II: S ≥ F
In the questions given below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true ev...
Read the given statement and conclusions carefully. Assuming that the information given in the statements is true, decide which of the given conclusions...
Statement:
Some P are Q
Only a few R are S.
Only a few S are T.
Only S are P.
Conclusion:
T. All R can b...
Three statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varianc...
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
