Skip to main contentSkip to solution

The money received from applicants to whom no debentures have been allotted will be ________

Solution

✅ Correct Option: 1

In case of over-subscription, applications from persons who are not allotted any debentures must be refunded by the company. Excess money received from partially allotted applicants is adjusted against allotment.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question