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Minimum subscription

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2012 sir,
company is required to get minimum subscription i.e. 90% of total subscription(cash+non-cash).
so, shares issued for cash will be considered for only minimum subscription.
means amount in Escrow A/c will be 90% of total subscription(cash+non-cash)
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Ajay Mishra

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Ajay Mishra (Expert)
27 July 2012 Hi

This apply only in case of IPO but not for further issue of capital in general.
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