At the time of public issue of shares, which of the following steps are observed ? A.

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At the time of public issue of shares, which of the following steps are observed ?
A. Issue of prospectus→selection of merchant bankercash received from applicants
B. Issue of prospectus→cash received from applicantsselection of merchant banker
C. Selection of merchant banker→cash received from applicantsissue of prospectus
D. Selection of merchant banker→issue of prospectuscash received from applicant

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