No allotment of any securities of a company offered to the public for subscription shall be made unl...........

Companies Act-Phase (I & II) Prospectus

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

the sum payable on application for the amount so stated have been paid to and received by the company by cheque or other instrument

Both a and b

a or b

छोटे Courses बड़े Results

Master Prospectus

Prepare through Micro-courses

Try Now

Explanation:

Section 39 of the Companies Act, 2013, no allotment without subscription

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 instruments.