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Question
As per SEBI guidelines minimum amount payable on share application should be ______ of Nominal Value of shares.
Options
10%
15%
2%
5%
MCQ
Fill in the Blanks
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Solution
As per SEBI guidelines, minimum amount payable on share application should be 5% of Nominal Value of shares.
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 338]
