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
In order to raise money by issuing the shares in the market the company must get applications for at least .
CUET UG 2022 — Accountancy Company Accounts
2022mcqeasy
In order to raise money by issuing the shares in the market the company must get applications for at least ____.
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
1,00,000 shares
- B
80,000 shares
- C
72,000 shares
- D
20,000 shares
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