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ISSUE OF SHARES. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCISSUE OF SHARES.1 Mark
MCQ
When does the company return the total amount received in payment?
  • A
    When a company is listed on the stock exchange.
  • B
    When subscription is floode
  • ✓
    When the amount equal to the minimum subscription is not receive
  • D
    When shares are issued with premium.
✓

Answer

Correct option: C.
When the amount equal to the minimum subscription is not receive

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