Question

The 'minimum subscription' of capital cannot be less than up to how much % of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Options

• 80%

• 50%

• 90%

• 20%

Answer 1

90%

Explanation:

According to SEBI (Disclosure and Investor Protection) Guidelines 2000, the least amount that can be raised to meet the needs of the company's business operations, in the view of the directors, cannot be less than 90% of the issued amount.