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Question
According to SEBI Guidelines, Minimum Subscription has been fixed at ______ of the issued amount.
Options
25%
50%
90%
100%
MCQ
Fill in the Blanks
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Solution
According to SEBI Guidelines, Minimum Subscription has been fixed at 90% of the issued amount.
Explanation:
Under SEBI guidelines, the minimum subscription for a public issue of shares is 90% of the issued amount before the company can proceed to allotment.
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.200]
