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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2010 Hi sir,
1. What is the Minimum amount to be collected by the company on share applictaion?
2. What is the Minimum amount to be paid by the member on share application?
Recently i read in CPT study material it is mentioned that
1. A Company should collect minimum amount of 5% on face value on application
2. In more paragraph it is mentioned that a member should pay minimum amount of 25% on issue price on application


My query is what is the correct one, how I should understand above 2 sentences?
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Ajay Mishra

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Ajay Mishra (Expert)
16 November 2010 Hi

Its depend on company to company.

In case of listed company under preferential allotment, the company will received 25% of application money as upfront money as per SEBI (ICDR) Regulations, 2009.



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