Identify the steps of the procedure of share issue:

(A) Allotment of Shares
(B) Receipt of Applications
(C) Issue of Prospectus
(D) Share Call

Choose the correct answer from the options given below:

(C), (B), (A), (D)

The correct answer is Option (4) → (C), (B), (A), (D)

• Issue of Prospectus (C) → The company first issues a prospectus to invite the public to apply for shares.

• Receipt of Applications (B) → Applications are received from prospective shareholders along with application money.

• Allotment of Shares (A) → Shares are allotted to applicants, and allotment money is called.

• Share Call (D) → The remaining balance is collected through calls (first call, final call, etc.).