Securities Premium can be demanded ________________.

only on application

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only on allotment

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only on call

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in lumpsum or installments on application &/or allotment &/or call

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Solution

The correct option is D in lumpsum or installments on application &/or allotment &/or call
Securities Premium Reserve may be demanded by company on application, allotment or calls. It is due to the reason that at the time of receiving the application money it is treated as deposit and the company is not certain whether the amount received would be accepted or rejected.

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