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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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