CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

A private limited company offered 1 lakh shares out of which 91k shares were applied to. Spite of getting applications, it couldn't go ahead with SEBI approval. The reason which stopped the company from going ahead is non-adherence to the minimum subscription rule.


  1. False

  2. True


Solution

The correct option is A

False


A private limited company cannot raise funds from the public. This is the reason why it was not approved by SEBI. 

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
View More



footer-image