Match List - I with List - II.
List - I List - 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 :
Match List - I with List - II.
| List - I | List - 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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