A public company can allot its shares if the minimum subscription fixed __________ has been subscribed by the public.

CS Executive · Corporate and Management Accounting · PYQS · December 2023
A public company can allot its shares if the minimum subscription fixed __________ has been subscribed by the public.
(A) In the Articles of Association
(B) In the Prospectus
(C) By the SEBI
(D) By the Registrar of Companies

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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