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Question
According to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than 90% of ______.
Options
Authorised capital
Issued capital
Reserve capital
Subscribed capital
MCQ
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Solution
According to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than 90% of issued capital.
Explanation:
As per SEBI guidelines, the minimum subscription of capital must not be less than 90% of the issued capital.
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