GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per SEBI’s guidelines, an existing company is free to price its issue, if it has a
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Three years track record of consistent profitability
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Four years track record of consistent profitability
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Five years track record of consistent profitability
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Six years track record of consistent profitability
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Explanation:
Detailed explanation-1: -The amount of minimum subscription must be stated in the prospectus. As per guidelines of the Securities Exchange Board of India (SEBI), a company making any public issue of shares, debentures, etc. must receive at least 90% of Minimum Subscription before making allotment of shares or debentures to the public.
Detailed explanation-2: -SEBI Guidelines means Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 or as amended from time to time. SEBI Guidelines means the rules and regulation by the Securities and Exchange Board of India, as applicable to the Company from time to time.
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