Question

As per the provisions of the deemed prospectus as contained in the Companies Act which of the following is the conditions that evidence that an allotment of, or an agreement to allot, securities was made with a view to the securities being offered for sale to the public?

A An allotment of, or an agreement to allot, securities was made with a view to the securities being offered for sale to the public
B At the date when the offer was made, the whole consideration to be received by the company in respect of the securities had not been received by it
C Both a & b
D Either a or b
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