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Under the Companies Act, 2013, if applicants desire to withdraw application after intimation of…

Under the proviso to s.31, where an applicant withdraws after being intimated of changes disclosed in the information memorandum, the subscription money must be refunded…

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Under the Companies Act, 2013, if applicants desire to withdraw application after intimation of changes, subscription money shall be refunded within:

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Correct answer C

Under the proviso to s.31, where an applicant withdraws after being intimated of changes disclosed in the information memorandum, the subscription money must be refunded within fifteen days of that intimation, not seven, ten, or thirty days.

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