According to SEBI guideline a company must receive a minimum of _______% subscription before making any allotment of shares to the public.

75

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90

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50

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25

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Solution

The correct option is C $90$
Minimum Subscription refers to the minimum shares the company needs to get from the public out of the total issue by the date of closure. Presently every company need to raise 90% of the issued amount.
Else, the company shall refund the whole amount received. This 90 % has to be exclusive of the cheques that are not cleared.

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Similar questions

As per the guidelines of the Securities Exchange Board of India (SEBI), a company offering public shares must receive atleast ___ of minimum subscription?

Q. Allotment of shares must be made after getting subscription against the entire public issue as per SEBI guidelines.

Allotment of shares or debentures must be made after getting ____________ subscription against entire public issue as per SEBI guidelines.

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