The minimum subscription as prescribed by SEBI against the entire issue is?

95 %

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90 %

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5 %

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None

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Solution

The correct option is B $90 %$
If the company does not receive applications for at least 90% of the issued amount from public subscription within 120 days from the date of the opening of the issue the company has to refund the amount of subscription. This is called Minimum Subscription.

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Allotment of shares or debentures must be made after getting ____________ subscription against entire public issue as per SEBI guidelines.

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