Question

carry any voting right.
What is meant by Minimum Subscription ?
Mini
Subeer
the amount which must be receiv​

Answer 1

Explanation:

Minimum subscription refers to the minimum amount required by the company for its preliminary functions

Answer 2

Explanation:

When shares are issued to the general public, the minimum amount that must be subscribed by the public so that the company can allot shares to the applicants is termed 'minimum subscription'. As per the Companies Act of 1956, the minimum subscription of shares cannot be less than 90 per cent of the issued amount.