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    Admin posted in the group CA Inter Law Discussion Group

    1 year, 3 months ago

    Innovative Tech Sol Limited intends to invite subscription to ` 1.10
    crores equity shares of ` 10 each on private placement basis. The
    persons identified as potential subscribers are within the statutory limit
    and also include the two other categories to which such statutory limit
    is not applicable. One such category is employees of the company who
    are offered equity shares under Employees’ Stock Option Scheme. By
    choosing the correct option, name the other excluded category.

    (a) Quality Institutional Buyers
    (b) Qualified Institutional Buyers.
    (c) Qualificational Institutional Buyers.
    (d) Qualified Investing Institutional Buyers