Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence :
As per SEBI guidelines, the minimum amount payable on share application should be ____________ of nominal value of share.

Options

• 10

• 20

• 25

• 5

Answer 1

As per SEBI guidelines, the minimum amount payable on share application should be 25% of nominal value of share.

Explanation: As per SEBI, at least 25% of the nominal value of shares should be called on application.