Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounting for Share Capital › Minimum subscription cannot be less than what sh…
Minimum subscription cannot be less than what share of the issued amount?
A90%
B95%
C75%
D100%
Answer & Solution
Correct answer: A. 90%
The SEBI guidelines mentioned require at least 90 percent of the issued amount to be subscribed.
Related questions
If only some forfeited shares are reissued, capital reserve gets200 shares of Rs. 100 forfeited for unpaid final call of Rs. 30; 150 reissued at Rs. 60 asProfit on reissue of forfeited shares is finally transferred toOn forfeiture, the amount already paid on the shares is credited toIf the articles are silent, interest on calls in arrears can be charged at most atApart from sweat equity, a company can ordinarily issue shares at a discount only onRs. 5,40,000 is raised by issuing Rs. 100 shares at 20% premium. How many shares?When shares are issued at a premium, the premium is credited to