Identify the steps of the procedure of share issue in the correct sequence:(A) Allotment of Shares(B) Receipt of Applications(C) Issue of Prospectus(D) Share CallChoose the correct answer from the options given below:
- A(A), (B), (C), (D)
- B(A), (C), (B), (D)
- C(B), (A), (C), (D)
- D(C), (B), (A), (D)
Solution & Step-by-step Explanation
The standard order of steps for public issue of shares is:Issue of Prospectus (C)Receipt of Applications from public (B)Allotment of Shares to investors (A)Making Share Calls for remaining unpaid amounts (D)Hence, the sequence is (C), (B), (A), (D).