Question

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

As per SEBI guidelines, the minimum amount payable on share application should be ____________ of nominal value of share.
a) 10
b) 20
c) 25
d) 5

Answer 1

As per SEBI guidelines, the minimum amount payable on share application should be 25% of nominal value of share.

Explanation: As per SEBI, at least 25% of the nominal value of shares should be called on application.