In case of over-subscription, applications from persons who are not allotted any debentures must be refunded by the company. Excess money received from partially allotted applicants is adjusted against allotment.
The money received from applicants to whom no debentures have been allotted will be
CUET UG 2022 — Accountancy Company Accounts
2022mcqeasy
The money received from applicants to whom no debentures have been allotted will be ________
Official previous-year question
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Refunded
- B
Adjusted
- C
Used later on
- D
not refunded
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