The correct answer is: D. 5.0% of the issue price of shares.
The application money is the amount of money that a shareholder pays when they apply for shares in a company. The application money is usually a percentage of the issue price of the shares. The issue price is the price at which the shares are offered to the public.
The Companies Act 2013 requires that the application money for shares should not be less than 5% of the issue price of the shares. This is to ensure that shareholders have a financial stake in the company and are therefore more likely to take an interest in its performance.
Option A is incorrect because it states that the application money should not be less than 2.5% of the nominal value of the shares. The nominal value of a share is the face value of the share, which is usually a small amount. The application money is not based on the nominal value of the shares, but on the issue price of the shares.
Option B is incorrect because it states that the application money should not be less than 2.5% of the issue price of the shares. The Companies Act 2013 requires that the application money for shares should not be less than 5% of the issue price of the shares.
Option C is incorrect because it states that the application money should not be less than 5.0% of the nominal value of the shares. The nominal value of a share is the face value of the share, which is usually a small amount. The application money is not based on the nominal value of the shares, but on the issue price of the shares.