If the company failed to refund application money with in 130 days fro – McqOptions

MCQOPTIONS

1.	If the company failed to refund application money with in 130 days from the date of issue of prospectus on nonreceipt of minimum subscription. who will be personally liable?
A.	Company
B.	Directors
C.	Shareholders
D.	None of these
Answer» C. Shareholders

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