- 1 Marks
BCL – L1 – SA – Q71 – Types of Capital
Question
The least subscription is to be received within how many days of the offer.
A 90
B 80
C 120
D 160
Answer
C
Explanation:
The correct answer is C because, under many corporate law frameworks, the minimum subscription (the minimum shares that must be subscribed for an issue to proceed) must be received within 120 days of the offer. Options A, B, and D do not align with standard regulations for public share offers.
- Tags: Company Law, Offer Period, Share Subscription
- Level: Level 1
- Uploader: Samuel Duah