Minimum subscription

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5 Points Posted on 18 February 2020
% required for minimum subscripttion in case share capital and debentures.
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On 18 February 2020 at 11:31 Report
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Quick Summary
The minimum subscription for share capital and debentures is set at 90% of the issued amount, as per Section 39 of the Companies Act 2013. This requirement ensures sufficient funds are raised before a company can proceed. The prospectus details this minimum amount, a change from the previous Companies Act 1956.

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Compliance
497 Points Posted on 18 February 2020
90% subscripttion is required
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On 18 February 2020 at 21:16
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5 Points Posted on 18 February 2020
In case of debenture ????
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On 18 February 2020 at 21:46
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Compliance
497 Points Posted on 18 February 2020
Both cases it is 90%
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On 18 February 2020 at 21:48
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CS
2942 Points Posted on 19 February 2020

As per the provisions of section 39 of the Companies Act 2013, the amount of minimum subscripttion is the amount mentioned in the prospectus. Earlier in the Companies Act 1956, the amount of minimum subscripttion is 90 percent of the issued amount

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On 19 February 2020 at 14:30
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5 Points Posted on 19 February 2020
Debentures can be forfeited ???
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On 19 February 2020 at 17:02

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