General Studies · Minimum Subscription
Under Section 39 of the Companies Act, 2013, if the minimum subscription amount is not received within 30 days of the issuance of the prospectus, the company must:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Extend the public offer period by another 15 days automatically.
- 2Refund the entire application money received to the applicants.✓
- 3Seek special regulatory permission from SEBI for an extension.
- 4File a revised supplementary prospectus with the Registrar.
Correct answer
Refund the entire application money received to the applicants.
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