Amount payable on application on every security shall be hellip hellip ........

Companies Act-Phase (I & II) Prospectus

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Amount payable on application on every security shall be…….

Not less than 5 % of nominal amount

such other amount or % as specified by SEBI

a or b

None of the above

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Explanation:

Section 39 of the Companies Act, 2013, Minimum application money to be paid

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 Securities and Exchange Board by making regulations in this behalf.