What is Minimum Subscription?
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minimum subscription is the minimum amount of the capital , which a public limited company has to secure before allotting the shares .the minimum must cover the following items of the company
a)preliminary expenses
b)commission of the under writers
c)working capital
d)value of the assets purchased
e)the loans taken to meet the expenses so far incurred
a)preliminary expenses
b)commission of the under writers
c)working capital
d)value of the assets purchased
e)the loans taken to meet the expenses so far incurred
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