Practicing Success
Application money should be at least __________ of the face value of share. |
10% 15% 5% 20% |
5% |
The correct answer is Option (3) - 5% Application money should be at least 5% of the face value of the share. For e.g. if a share having face value of ₹100 is issued then minimum ₹5 must be collected by the company on application. |