If a company fails to receive the minimum amount of subscription for the securities issued, it has to refund the application money within how many days of closure of issue?
Section 39 – Allotment of Securities by company 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. 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 SEBI, then the application money shall be repaid within a period of fifteen days from the closure of the issue and if any such money is not so repaid within such period, the directors of the company who are officers in default shall jointly and severally be liable to repay that money with interest at the rate of 15% per annum. The application money to be refunded shall be credited only to the bank account from which the subscription was remitted.
Which of the following statements are correct in regards to Pradhan Mantri Kaushal Vikas Yojana 4 . 0?
1. Pradhan Mantri Kaushal Vikas Yojana 4...
“Rukmani Devi” got which award in 1956?
Which one of the following is NOT an element?
By lifting how much weight did Ajay Singh win the men’s 81-kg category to clinch India’s third gold of the Commonwealth Weightlifting Championship 2...
The Ramakrishna Mission stressed the ideal of __________ through social service and selfless action.
What kind of forces arise from transient dipoles in atoms that induce transient dipoles in nearby atoms, produce an attractive force and are significan...
In which of the following states are the Lepakshi Temple situated?
In the Global Biofuel alliance India, the US and Brazil account for a total of 85 percent of the global ethanol production, what are the individual shar...
What is the name of the one-stop mentorship platform launched by Startup India to facilitate mentorship for startups across various sectors, stages, and...
Who used the term 'United Nations' for the first time?