Arrange the following steps related to the issue of shares in proper sequence.(A) Allotment of Shares(B) Receipt of Applications(C) Issue of Prospectus(D) Share callsChoose the correct answer from the options given below:
- A(A), (B), (C), (D)
- B(C), (B), (D), (A)
- C(B), (A), (D), (C)
- D(C), (B), (A), (D)
Solution & Step-by-step Explanation
The structural lifecycle of issuing public shares follows this definitive chronological sequence:Step 1 (C): Issue of Prospectus (Inviting public to subscribe).Step 2 (B): Receipt of Applications with application fees.Step 3 (A): Allotment of Shares to successful applicants.Step 4 (D): Making subsequent Share calls (First/Final call) for outstanding dues.Hence, the correct order is (C), (B), (A), (D).