Hardik Company Limited is facing losses from its business. It is bought by Bahujan Company Limited. At the time of takeover, Bahujan Company finds that after deducting assets at its market value from liabilities, Hardik Company has just ₹37 lakh. So, Bahujan Company pays all Hardik Company’s external liabilities and takes over all its assets. Now, Bahujan Company has to return the share capital of Hardik Company. Suppose, there are 10 shareholders of Hardik Company owning it equally, then:

(a) Bahujan Company will pay only ₹3.70 lakh per shareholder.

(b) Hardik Company will raise a voucher in favour of its shareholders.

(c) Hardik Company shareholders will have voting rights in the Bahujan Company.

(d) All of the above.