Multiple choice

Which of the following statements is/are correct?

a. Minimum subscription should be 75% of total number of shares offered. b. Notice of the exact address must be submitted within 30 days of the reciept of incorporation. c. The Memorandum of Association must be signed by at least 7 persons in case of public company and 2 persons in case of private company.

  1. Only a

  2. Only b

  3. Only c

  4. Both a and b

  5. Both b and c
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Both these statements are correct. Notice of the exact address must be submitted within 30 days of the receipt of incorporation. The Memorandum of Association must be signed by at least 7 persons in case of public company and 2 persons in case of private company.

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