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minimum subscription

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(Querist)
02 March 2011 what do you mean by minimum subscription?
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
03 March 2011 It is the minimum amount which must be raised by the issue of share capital.

If the issue fails to raise this minimum subscription amount, the company shall not go ahead with allotment of shares.

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