[Solved] Which of the following percentage of nominal amount of shares should be received with application

Which of the following percentage of nominal amount of shares should be received with application

a) 10   

b) 15   

c) 5 

d) 6

Answer: (c) 5 percentage of nominal amount of shares should be received with application. The minimum share application money is 5% of the nominal value of shares. Application money is the money received by the company when it issues shares to the public, once the application money is received then allotment is made to the shareholders.

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