Question

Under what conditions may the Reserve Bank permit an Indian company to refund or allot shares after the 180-day period?

a.

Without any conditions

b.

If the company provides sufficient reasons

c.

If the company receives a penalty notice

d.

If the FIPB approves the request

Answer: (b).If the company provides sufficient reasons Explanation:The Reserve Bank may permit an Indian company to refund or allot shares after the 180-day period for sufficient reasons.

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Q. Under what conditions may the Reserve Bank permit an Indian company to refund or allot shares after the 180-day period?

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