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Minimum subscription

Others 249 views 5 replies
% required for minimum subscripttion in case share capital and debentures.
Replies (5)
90% subscripttion is required
In case of debenture ????
Both cases it is 90%

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

Debentures can be forfeited ???


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