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What is the impact of a company's failure to receive the minimum subscription for its shares within the specified time?a)The company has to repay the amount received from applicants for shares.b)The company can continue with the issue without any changes.c)The company can apply for an extension from the regulatory authority.d)The company can forfeit the shares of applicants who did not contribute to the minimum subscription.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the impact of a company's failure to receive the minimum subscription for its shares within the specified time?a)The company has to repay the amount received from applicants for shares.b)The company can continue with the issue without any changes.c)The company can apply for an extension from the regulatory authority.d)The company can forfeit the shares of applicants who did not contribute to the minimum subscription.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the impact of a company's failure to receive the minimum subscription for its shares within the specified time?a)The company has to repay the amount received from applicants for shares.b)The company can continue with the issue without any changes.c)The company can apply for an extension from the regulatory authority.d)The company can forfeit the shares of applicants who did not contribute to the minimum subscription.Correct answer is option 'A'. Can you explain this answer?.

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