Minimum subscription
This query is : Resolved
Querist : Anonymous
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)
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)
Ajay Mishra
(Expert)
27 July 2012
Hi
This apply only in case of IPO but not for further issue of capital in general.
This apply only in case of IPO but not for further issue of capital in general.
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