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application money

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(Querist)
17 September 2010 within how many days application money should be refunded if the minimum subscription is not received by the company
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Shudhanshu Agrawal

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Shudhanshu Agrawal (Expert)
17 September 2010 As per Section 69(5) within 130 days of date of issue of prospectus money should be refunded.
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Praveen Sharma

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Praveen Sharma (Expert)
18 September 2010 agree.
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