26 August 2015
respected experts, it is written in guideline of sebi that a company must receive minimum of 90% of subscription against entire issue before making allotment and in next para it is written sebi regulation that application money to be paid by applicants along with application money shall not be less than 25% if the issue price. may I have a clear description about this. thanks
27 August 2015
Sorry to note that you are NOT focussing on the difference between the 2 situation.
Let me try explaining once again
The first situation is applicable for subscribing of shares by the PUBLIC. Take this as QUANTITY... say 100 shares issued...out of that 90 are subscribed by PUBLIC
The second situation deals with VALUE. Say a share of Face Value 10 issued at PAR, minimum of Rs.2.5 must be received on application.