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Question

If the issue size is upto Rs. 500 corers, the issued shares should be made fully paid up within _________ of the date of allotment.

A
6 months
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B
10 months
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C
12 months
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D
18 months
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Solution

The correct option is C 12 months
According to company law regarding issue of shares, if the issue size is up to Rs 500 cr, the issued shares should be made fully paid up within 12 months of the date of allotment.

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