[amp_mcq option1=”2%” option2=”3%” option3=”4%” option4=”5%” correct=”option1″]
The correct answer is A. 2%.
The Companies Act, 2013, Section 56(1) states that the rate of commission payable on issue of shares should not exceed 2% of the face value of the shares.
Option B is incorrect because the maximum rate of commission payable on issue of shares is 2%, not 3%.
Option C is incorrect because the maximum rate of commission payable on issue of shares is 2%, not 4%.
Option D is incorrect because the maximum rate of commission payable on issue of shares is 2%, not 5%.