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Match List - I with List - II.

List - IList - II
(A) Application money should be at least ____% of the face value of the share(I) 25%
(B) The amount of Call should not exceed ____% of the face value of the share(II) 90%
(C) Minimum subscription of capital cannot be less than ____ of the issued amount according to SEBI guidelines(III) 10%
(D) Interest charged on call-in-arrears is @ ______ p.a.(IV) 5%

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 1

Per Companies Act 2013, application money must be at least 5% of nominal value (A-IV). Call amount should not exceed 25% of face value (B-I). SEBI requires minimum subscription of 90% of issued amount (C-II). Interest on calls-in-arrears is 10% p.a. per Table F (D-III).

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