Question

What are the conditions required to be fulfilled to be 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 Offer of the securities or of any of them for sale to the public was made within six months after the allotment or agreement to allot
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) and (b)
D Either (a) or (b)
E None of the above
Practice Next

Relevant for Exams:

Hey! Ask a query