Question

As per section 69 (3) of the Companies Act, 1956, the minimum amount payable on share application should be ________ percent. (Fill in the blank by choosing correct option)
(a) 10
(b) 5
(c) 20
(d) 15

Answer 1

As per section 69 (3) of the Companies Act, 1956, the minimum amount payable on share application should be 5 percent

Answer 2

• As Per Section 69(3) of the company's Act, 1956, the minimum amount payable on share application should be 5 percent.

• Companies will not able to accept share money in cash.

• Share application money used for only business purposes.

• This Act is the most valuable part of the constitution.

• It will regulate the formation, financing, functioning of the businesses.