1 Replies
pooja agarwal
(ipcc student)
(63 Points)
Replied 03 June 2010
in case of a 1st allotment of shares by a public comp, if a minimum subscripttion is not recieved then application money is 2 be repaid within 130 days n if it fails 2 pay then have 2 pay the application money with 6% interes after the expiry of 130 days.
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