As per the SEBI guidelines, on issue of shares, the application money should not be less than | Faculties

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📊 Financial Accounting 2

Q. As per the SEBI guidelines, on issue of shares, the application money should not be less than

(A) 2.5% of the nominal value of shares
(B) 2.5% of the issue price of shares
(C) 25% of the issue price of shares
(D) 25% of the nominal value of shares

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✅ Correct Answer: (C) 25% of the issue price of shares

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