Identify the correct sequence of steps in the process of the Issue of Shares:A. Making allotment of sharesB. Issue of ProspectusC. Forfeiture of sharesD. Receiving applications for sharesE. Making callsChoose the correct answer from the options given below:

The logical sequence of share issuance and subsequent management activities for a company is:Issue of Prospectus (B): Inviting the public to apply for shares.Receiving applications for shares (D): Investors send application forms along with money.Making allotment of shares (A): Shares are assigned to applicants.Making calls (E): Remaining balance installments are demanded.Forfeiture of shares (C): Cancellation of shares due to default in payment of calls/allotment.Hence, the correct sequence is B - D - A - E - C.