Download App

Prospectus — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCProspectus2 Marks
Question
What are the effect in case of failure to get Minimum Subscription ?
✓

Answer

When a company fails to get minimum Subscription then—
(i) The company can not allot shares to the public.
(ii) The company has to refund money to the applicants as per the guidelines of SEBI.
(iii) When a public company violates suth provisions the concerned officers are liable to pay fine.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Each" from Prospectus→Prospectus — all question types→SPCC STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Explain the different forms of written communication system.
→
What is presumed by law regarding Articles of Association and Memorandum of Association?
→
What is included in the certificate of Incorporation ?
→
When is a permission of Regional Director is necessary in order to change Registered Office of a company?
→
How does the customer get information about the sellers, when he wants to purchase necessary goods for his business ?
→
Who is known as Ministerial Secretary?
→
To whom is the proposal to be given in case of Private Placement?
→
Which are the duties perform by Company Secretary before meeting, during meeting and after meeting ?
→
Give any three reasons for cancelling the order.
→
Complaint letter are the blassings of the modern world- Explain.
→