Question

What is the restriction on commission, brokerage, discount, etc., on sale of shares as per the Banking Regulation Act?

A Banking company can pay any amount exceeding in the aggregate two and one-half per cent of the price at which the shares are issued
B Banking company cannot pay any amount exceeding in the aggregate two and one-half per cent of the price at which the shares are issued
C Banking company cannot pay any amount exceeding in the aggregate three and one-half per cent of the price at which the shares are issued
D Banking company cannot pay any amount less than three and one-half per cent of the price at which the shares are issued
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