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Question
Minimum subscription amount of 90% is related to which share capital?
Options
Authorised Capital
Issued Capital
Paid up Capital
Reserve Capital
MCQ
Fill in the Blanks
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Solution
Issued Capital
Explanation:
The 90% minimum subscription requirement applies to the issued amount of a public issue (company must receive at least 90% of the issued capital before allotment).
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.200]
