Question
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?Solution
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.
First Krishi Vigyan Kendra was established at……….. under the administrative control of TNAU
The Mission Amrit Sarovar was launched on the occasion of
The various developmental works under the watershed development are done by
which ministry under union Government
Which of the following is not a component of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA)?
What is the name of the scheme that the Uttar Pradesh government plans to
implement for protecting crops from stray animals?
What is the objective of the MAHARISHI initiative?
Soil Health Card Scheme was launched in which year?
Under Mission Amrit Sarovar, each Amrit Sarovar will have pondage area of minimum of ____.
The highest number of orchid species is recorded from which state of India ?
What is the target area for oil palm cultivation under the NMEO-OP by the year 2025-26?