Minimum subscription and minimum public share holding
This query is : Resolved
14 July 2012
please tell me about Minimum Subscription and minimum Public share holding.
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.
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.
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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