Correct sequence of issue of shares is -A. Receipt of ApplicationB. Issue of ProspectusC. Letter of Allotment of SharesD. Letter of RegretChoose the correct answer from the options given below:

The proper sequential process for issuing shares to the public is:Issue of Prospectus (B) to invite public offers.Receipt of Application (A) from the interested investors.Letter of Allotment of Shares (C) for successful applicants.Letter of Regret (D) for the applicants to whom no shares are allotted.Sequence: B, A, C, D.