minimum
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2010
Hi sir,
1. What is the Minimum amount to be collected by the company on share applictaion?
2. What is the Minimum amount to be paid by the member on share application?
Recently i read in CPT study material it is mentioned that
1. A Company should collect minimum amount of 5% on face value on application
2. In more paragraph it is mentioned that a member should pay minimum amount of 25% on issue price on application
My query is what is the correct one, how I should understand above 2 sentences?
1. What is the Minimum amount to be collected by the company on share applictaion?
2. What is the Minimum amount to be paid by the member on share application?
Recently i read in CPT study material it is mentioned that
1. A Company should collect minimum amount of 5% on face value on application
2. In more paragraph it is mentioned that a member should pay minimum amount of 25% on issue price on application
My query is what is the correct one, how I should understand above 2 sentences?
Ajay Mishra
(Expert)
16 November 2010
Hi
Its depend on company to company.
In case of listed company under preferential allotment, the company will received 25% of application money as upfront money as per SEBI (ICDR) Regulations, 2009.
Regards
Its depend on company to company.
In case of listed company under preferential allotment, the company will received 25% of application money as upfront money as per SEBI (ICDR) Regulations, 2009.
Regards
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