Practice

Questions

Pick a topic and practice with clear explanations.

CUET

In the case of under subscription of shares. 1. Shares are allotted only when the company receives the subscription and application money on minimum subscription as stated in the prospectus. 2. Shares are allotted to all applicants without considering anything. 3. All the issued shares are allotted to all applicants proportionally. 4. The Issue Is Closed And Application Money Is Refunded.