In case of a private placement if the company is not able to allot the securities within the stipula...........

Companies Act-Phase (I & II) Prospectus

In case of a private placement, if the company is not able to allot the securities within the stipulated time period of 60 days, it shall, within next_________, repay the application money to the applicant:

15 days

30 days

45 days

60 days

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Explanation:

In case of a private placement, if the company is not able to allot the securities within the stipulated time period of 60 days, it shall, within next 15 days, repay the application money to the applicant. Otherwise, interest @12% will be payable.