Consider the given steps below for Issue of Shares:
(A) Receipt of Applications
(B) Allotment of Shares
(C) Issue of Prospectus
(D) Receipt of Minimum Subscription
Choose the correct sequence of above steps from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (C), (A), (D), (B)
The steps in the issue of shares run in this order:
(C) Issue of Prospectus
(A) Receipt of Applications
(D) Receipt of Minimum Subscription
(B) Allotment of Shares
NCERT (2026-27 edition):
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