ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      The amount payable on application on every security

      shall not be less than how much of the nominal amount of the security?
      A 1% Correct Answer Incorrect Answer
      B 5% Correct Answer Incorrect Answer
      C 7% Correct Answer Incorrect Answer
      D 10% Correct Answer Incorrect Answer
      E 25% Correct Answer Incorrect Answer

      Solution

      Companies Act, 2013 -Section 39 тАУAllotment of securities by company. The amount payable on application on every security shall not be less than five per cent of the nominal amount of the security or such other percentage or amount, as may be specified by the Securities and Exchange Board by making regulations in this behalf.

      Practice Next
      More Commercial Laws Questions

      Relevant for Exams:

      ask-question