Question

Explain the procedure of capital subscription in joint stock companies.​

Answer 1

Answer:

Brief notes on the Capital Subscription Stage of joint stock companies. ADVERTISEMENTS: ... For this the promoters issue the prospectus to the public inviting their subscriptions towards capital. After receiving the applications for shares towards the share capital, a public company has to allot shares to the public.

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Answer 2

Explanation:

a public company has to next start accumulating the necessary capital to start its business activity for this the promoters issue the prospectus to the public inviting their subscriptions towards capital