BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percent of annual interest should be paid by issuer firm to investor in case of delay in listing?
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5%
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1%
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10%
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20%
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Explanation:
Detailed explanation-1: -Companies are required to refund the money within 15 days from the closure of the issue. In case of any delay the issuer company is required to pay interest at the rate of 15%.
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