MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

SEBI Approval

Minimum subsc...

Question

Minimum subscription is guaranteed by the ___________.

A

promoters

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

directors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

underwriters

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

none of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C underwriters
An underwriter can be a bank or another financial institution that pledges to buy all the unsold shares in an issue of new shares with a certain minimum subscription.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Minimum subscription required by a company is ________.

Q. A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of ₹ 30,000 during 2017-18. Distribute profit among A, B and C if:
(a) C's share of profit is guaranteed to be ₹ 6,000 Minimum.
(b) Minimum profit payable to C amounting to ₹ 6,000 is guaranteed by A.
(c) Guaranteed minimum profit of ₹ 6,000 payable to C is guaranteed by B.
(d) Any deficiency after making payment of guaranteed ₹ 6,000 will be borne by A and B in the ratio of 3 : 1.

Q. A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of ₹ 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if:
(a) C's share of profit is guaranteed to be ₹ 6,000 Minimum.
(b) Minimum profit payable to C amounting to ₹ 6,000 is guaranteed by A.
(c) Guaranteed minimum profit of ₹ 6,000 payable to C is guaranteed by B.
(d) Any deficiency after making payment of guaranteed ₹ 6,000 will be borne by A and B in the ratio of 3 : 1.

State the following statement is True or False:

Minimum subscription is guaranteed by the directors.

Q. A company must collect minimum subscription amount within ________ days.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Capital Subscription A

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon