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A company issued shares of Rs.50 each at a premium of 10%. The minimum application money as per the Companies Act, 2013 will be
  • a)
    Rs.2.50
  • b)
    Rs.3.00
  • c)
    Rs.5.00
  • d)
    Rs.4.50
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A company issued shares of Rs.50 each at a premium of 10%. The minimum...
Because according to the companies Act 2013 the minimum amount of application money received is 5 percentage and according to this share Rs.50 *5 % = 2.5...!
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A company issued shares of Rs.50 each at a premium of 10%. The minimum application money as per the Companies Act, 2013 will bea)Rs.2.50b)Rs.3.00c)Rs.5.00d)Rs.4.50Correct answer is option 'A'. Can you explain this answer?
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