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    Question

    What should be the minimum subscription against the

    entire public issue?
    A 60% Correct Answer Incorrect Answer
    B 75% Correct Answer Incorrect Answer
    C 80% Correct Answer Incorrect Answer
    D 90% Correct Answer Incorrect Answer
    E 100% Correct Answer Incorrect Answer

    Solution

    The minimum shares the company needs to get from the public out of the total issue by the date of closure, is 90% of the issued amount. Else, the company shall refund the whole amount received. This 90% has to be exclusive of the cheques that are not cleared

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