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easyMCQCUET Accountancy 2025 16 May Shift 12026CUET Accountancy
1 mark

While issuing share capital for public subscription, the minimum application money should be at least _____% of the nominal face value of the share according to the Companies Act, 2013.

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

According to Section 39(2) of the Companies Act, 2013, the amount payable on application on every share shall not be less than of the nominal/face value of the share (Note: SEBI guidelines mandate of the issue price for listed entities, but the statutory standard baseline under the Companies Act remains ).

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While issuing share capital for public subscription, the minimum application money should be at least _____% of the nominal face value of the share according to the Companies Act, 2013.
A
B
C
D

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