The amount of application money received shall be deposited in a scheduled bank until________

Related MCQs

• Which of the following percentage of nominal amount of shares should be received with application
• Which of the following percentage of nominal amount of shares should be received with application
• Auditor should see that amount received for premium on issue of shares should be shown in
• Auditor should see that amount received for premium on issue of shares should be shown in
• Amount received as premium can be used to ___________
• Application money should not be withdrawn unless
• Premium received on issue of shares, later forfeited, should be transferred to
• The maximum rate of discount on shares shall not exceed________________
• When excess applications money is refunded to applicants it is vouched with cash book and -------
• While checking allotment, auditor should see that amount