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Analysing Common Size Profit and Loss

Minimum amoun...

Question

Minimum amount to be called up at the time of share application is ________.

A

5

%

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B

10

%

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C

15

%

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D

25

%

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Solution

The correct option is A $5$ %
As per Section 39, the amount payable on application on every share shall not be less than 5% of the nominal value of the share as per Companies Act or such other percentage as may be specified by the SEBI in this behalf.

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