Minimum subscription and minimum public share holding

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CA Shruti Bhavsar

CA Shruti Bhavsar (Querist)
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14 July 2012 please tell me about Minimum Subscription and minimum Public share holding.

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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14 July 2012 Minimum Subscription is the minimum number of shares that needs to be subscribed by public in an issue; if minimum subscription is not received,the company cannot proceed for allotment of shares.

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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14 July 2012 Minimum Public Shareholding is the minimum shares as a percentage of total issued capital whose beneficial owners are other than promoters i.e, is the public.

This is under the SEBI guidelines. A company not meeting the minimum public shareholding norms has to either increase its public holding by FPO or delist itself from exchanges.

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