Question

While issuing the share capital for public subscription the minimum amount of application money should be at least upto how much % the face value of the share?

विकल्प

• 10%

• 25%

• 5%

• 7%

Answer 1

5%

Explanation:

The application fee must be at least 5% of the share's face value, and calls must be made in accordance with the articles of association.