alleryStart learning →Transferor equity is Rs 1,00,000; transferee holds Rs 20,000. Shares needed to join for 90% test?
ARs 90,000
BRs 80,000
CRs 72,000
DRs 1,00,000
Answer & Solution
Correct answer: C. Rs 72,000
Shares already held by the transferee are excluded, leaving 80,000, and 90% of that base is 72,000.
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