Shares issued to public = 1,00,000 - 20,000 = 80,000
Minimum subscription as per SEBI is 90% of the issue to public.
Minimum applications required = 80,000×90%=72,000 shares
CUET UG 2022 — Accountancy Company Accounts
In order to raise money by issuing the shares in the market the company must get applications for at least ____.
Held on 30 Aug 2022 · Verified 13 Jul 2026.
1,00,000 shares
80,000 shares
72,000 shares
20,000 shares
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