In how many days the company has to get a minimum subscription from the date of the issue of the prospectus?

100 90 130 120

120

The company has to get minimum subscription within 120 days from the date of the issue of the prospectus. If the company fails to receive the same within the said period, the company cannot proceed for the allotment of shares and application money should be returned within 130 days of the date of issue of prospectus.