alleryStart learning →Shares of Rs 100 nominal are issued. Unless SEBI specifies otherwise, application money per share must be at least:
ARs 2.50
BRs 10
CRs 25
DRs 5
Answer & Solution
Correct answer: D. Rs 5
Section 39(2) requires at least five per cent of nominal value, which is Rs 5 on Rs 100.
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