Question

what do you mean by minimum subscription?​

Answer 1

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.

Answer 2

Answer:

Minimum subscription is the term which is used to represent the amount of the issue which has to be subscribed or else the shares can't be issued if it is not being subscribed.

Explanation:

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