Question

As per section 25 of the Companies Act what constitutes evidence that an allotment of securities was made with a view to the securities being offered for sale to the public?

A If an offer is made within three months after the allotment or agreement to allot.
B If an offer is made within six months after the allotment or agreement to allot.
C If the whole consideration is received by the company before the offer is made.
D Both a & c
E Both b & c
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