The minimum share application money is ____________.

Rs. 1 /share

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5% of the face value of the share

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10% of the face value of the share

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none of the above

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Solution

The correct option is C 5% of the face value of the share
As per companies act, minimum share application money should be 5% of the nominal value of share.

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Similar questions

Ajay owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%. Calculate

560

25

9 %

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