At least how much portion of the nominal amount of a share must be called as application money - Accountancy - Accounting for Share Capital

Question

At least how much portion of the nominal amount of a share must be
called as application money?

Komal Rani · Accepted Answer

Dear Student
The application money should be at least 5% of the
nominal value of the share

Regards

At least how much portion of the nominal amount of a share must be called as application money?