menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting 2
  4. Exam
    Exam 10: Issuing and Cancelling Shares and Debentures in a Company
  5. Question
    If the Minimum Subscription Is Not Received by the Company
Solved

If the Minimum Subscription Is Not Received by the Company

Question 5

Question 5

Multiple Choice

If the minimum subscription is not received by the company, then the refund of application money should be made within ______ days.


A) 7
B) 9
C) 10
D) 22

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: To issue shares on Discount mean<br>A)issue on

Q2: To issue shares on premium mean<br>A)issue on

Q3: When shares are forfeited, the share capital

Q4: The excess price received over the par

Q6: Forfeited shares to become _<br>A)property of the

Q7: To issue shares on Par mean<br>A)issue on

Q8: As per the SEBI guidelines, on issue

Q9: The Securities Premium amount may be utilized

Q10: Debentures can be issued only<br>A)at par<br>B)at discount<br>C)premium<br>D)any

Q11: Cancelation of shares mean<br>A)reissue of shares<br>B)valuation of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines