Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence :

As per Table A, the amount on call on a share must not exceed ____________ percent.
a) 5
b) 10
c) 20
d) 25

Answer 1

As per Table A, the amount on call on a share must not exceed 25 per cent.

Explanation: A company cannot call more than 25% of the nominal value of shares in one call.