Arrange following important steps being used in the procedure of share issue:
A. Receipt of Applications
B. Allotment of shares
C. Issue of Prospectus
D. Receipt of Minimum subscription
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → C, A, D, B
(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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