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14. The amount that an unlisted public company is required to maintain as security deposit, at all times, with the respective depository when it dematerializes
14. The amount that an unlisted public company is required to maintain as security deposit, at all times, with the respective depository when it dematerializes its securities shall be (a) Equal to not less than one year's fees payable to the depository (b) Equal to not less than two years' fees payable to the depository (c) Equal to not less than two and a half years' fees payable to the depository (d) Equal to not less than three years' fees payable to the depository 15. Commission is permitted to be paid to any underwriter by the company only in respect of an offer of securities: (a) where securities are offered on rights basis (b) where securities are offered in the form of bonus issue (c) where securities are offered on private placement basis (d) where securities are offered to the public for subscription 16. In case of 'offer of sale of shares by certain members of the company', which of the following options is applicable: (a) The provisions relating to minimum subscription are not applicable (b) Entire minimum subscription amount is required to be received within three days of the opening date (c) 25% of the minimum subscription amount is required to be received on the opening date and the remaining 75% within three days thereafter (d) 50% of the minimum subscription is required to be received by the second day of the opening date and the remaining 50% within next three days after the second day
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