Question

One of the conditions, in addition to others, for allotment of shares is ______.

विकल्प

• Resolution in General Meeting

• Receiving Minimum Subscription

• Full Subscription by Public

• Full Payment on Application

Answer 1

One of the conditions, in addition to others, for allotment of shares is Receiving Minimum Subscription.

Explanation:

A company cannot proceed to allot shares unless it has received the minimum subscription stated in the prospectus (SEBI currently requires 90% of the issue). This is explicitly listed as a condition for allotment.