GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Amount of premium on issue of shares is decided by the ____ as per the guidelines issued by SEBI
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Shareholders
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Board of Directors
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Company Law Board
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Registrar of Companies
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Explanation:
Detailed explanation-1: -Under SEBI Guidelines, each Public Issue and Rights Issue with size exceeding Rs. 50 lakhs is required to be managed by a Merchant Banker, registered with SEBI. Since setting up of SEBI, Issue Managers are required to be registered with SEBI.
Detailed explanation-2: -5% of the called amount of share.
There is 1 question to complete.