Question:
Minimum subscription for allotment of shares as per SEBI guidelines cannot be less than 90\% of which of the following capital?
Minimum subscription for allotment of shares as per SEBI guidelines cannot be less than 90\% of which of the following capital?
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Issued capital represents the total shares offered to the public for subscription.
Updated On: Jan 18, 2025
- Reserve Capital
- Nominal Capital
- Subscribed Capital
- Issued Capital
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The Correct Option is D
Solution and Explanation
As per SEBI guidelines, at least 90\% of the issued capital must be subscribed before shares can be allotted.
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