Practicing Success
In case of rejected applications, what is the time frame within which the money should be returned to the applicants? |
Within a week of rejection At the company's discretion Within the period prescribed by law/SEBI Within the fiscal year |
Within the period prescribed by law/SEBI |
When applications for shares are rejected, there is a regulatory requirement for the company to return the application money to the applicants within a specific period of time, as prescribed by laws and regulations, including those set by SEBI (Securities and Exchange Board of India) or other relevant regulatory bodies. |