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Question
Minimum Share Application money is ______% of the nominal value of shares.
Options
5
20
25
MCQ
Fill in the Blanks
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Solution
Minimum Share Application money is 25% of the nominal value of shares.
Explanation:
As per SEBI guidelines, a company must receive at least 25% of the nominal (face) value of shares as application money. This ensures that applicants are serious and committed to purchasing the shares.
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