Share application
This query is : Resolved
surendra kumar
(Querist)
20 February 2014
minimum share application money 5% or 25% ?
SHAKTI JINDAL
(Expert)
21 February 2014
As per sub-section (2) of Section 39 of the Companies Act, 2013, the amount payable on application on every security shall not be less than five per cent of the nominal amount of the security or such other percentage or amount, as may be specified by the SEBI by making regulations in this behalf.
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