After getting minimum subscription of shares the company has to allot shares with in days ...........

Accountancy (Phase -I & II) Company Final Accounts

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After getting minimum subscription of shares, the company has to allot shares with in--------- ------days.

100

110

120

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Explanation:

Section 69 of the companies Act prohibits a company from making allotments pursuant to a public issue of capital unless the amount stated in the prospectus as the minimum subscription has been subscribed and the money payable on application in respect of such shares constituting the minimum subscription has been received by companywithin 120 days.