issue of shares

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Minimum application size in public issue which is required as per companies act to be 5% is oF ISSUE PRICE OR NOMINAL VALUE OF SHARES.?
Replies (2)
Application money has to be collected on nominal value of shares @ 5 percent.

Regards
and what about the maximum call money which may be called at a time which is 25% ..this % is also on nominal value.??


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