As per SEBI regulations on public issues and the Companies Act requires that an issue should r...........

Finance (Phase -I & II) Banking and Financial system in India

As per SEBI regulations on public issues and the Companies Act requires that an issue should receive subscription of minimum of ___ of net offer to the public failing which the company has to refund the entire subscription amount received?

80%

85%

90%

95%

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Explanation:

An issue should receive subscription of minimum of 90% of net offer to the public failing which the company has to refund the entire subscription amount received.