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The MINIMUM application size per person under a private-placement offer (other than QIBs) is:
ARs 5,000
BRs 10,000
CRs 25,000
DRs 20,000
Answer & Solution
Correct answer: D. Rs 20,000
1. Rule 14(2)(a) of the Companies (Prospectus and Allotment) Rules sets the minimum application at Rs 20,000 face value per person.
2. This applies to private-placement offers other than to QIBs.
3. Hence (C).
_Source: ICAI BoS CA Inter Paper 2 — Prospectus and Allotment_