Question

The amount payable on application on every security

Q: Answer-The amount payable on application on every security shall _____________of the security or such other...

Section 39 Allotment of securities by company- 2 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

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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The amount payable on application on every security

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