In case minimum subscription along with application money is not received by the company within 30 d...........

Companies Act-Phase (I & II) Prospectus

In case minimum subscription along with application money is not received by the company within 30 days from the issue of Prospectus, the whole of the money received by company shall be repaid within:

120 days from closure of issue

30 days from closure of issue

15 days from closure of issue

90 days from closure of issue

None of the above

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Explanation:

As per Section 39 of Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules, 2014, In case minimum subscription along with application money is not received by the company within 30 days from the issue of Prospectus, the whole of the money received by company shall be repaid within 15 days from closure of issue.