Multiple choice general knowledge

In case of public offers wherein the applicant has applied for shares in demat form, the allotment advise/refund warrant will be forwarded to the applicant by:

  1. depository participant.

  2. Issuers/ Registrar and Transfer Agents of the issuing company.

  3. NSDL.

  4. SEBI.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For public offers where shares are applied in demat form, the allotment advice or refund warrant is sent by the issuer/registrar and transfer agents. The depository participant only facilitates holding shares in demat, while NSDL is the infrastructure provider and SEBI is the regulator.

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