Question

The amount payable on application on every security shall _____________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 as per the Companies Act

A More than two per cent of the nominal amount
B More than ten per cent of the nominal amount
C Not be less than five per cent of the nominal amount
D Not be less than fifteen per cent of the nominal amount
E None of the above
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