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Atleast how much portion of the nominal amount of a share must be called as application money? - Accounts

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Question

Atleast how much portion of the nominal amount of a share must be called as application money?

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Solution

As per SEBI guidelines, at least 25% of the nominal (face) value of a share must be called as application money.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.146]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 14. | Page 6.146
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