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