Question:
Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than 90\% of which of the following capital?
Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than 90\% of which of the following capital?
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Minimum subscription is calculated based on issued capital, ensuring the company raises sufficient funds to meet its operational and financial commitments.
Updated On: Jan 25, 2025
- Reserve Capital
- Nominal Capital
- Subscribed Capital
- Issued Capital
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The Correct Option is D
Solution and Explanation
According to SEBI guidelines, the minimum subscription for the allotment of shares must be at least 90\% of the issued capital. Issued capital refers to the portion of the authorized capital that the company offers to the public for subscription.
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