Minimum subscription required by a company is ________.

90 %

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80 %

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75 %

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None of these

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Solution

The correct option is A $90 %$
Minimum Subscription. The minimum shares the company needs to get from the public out of the total issue by the date of closure. (Presently every company need to raise 90% of the issued amount). Else, the company shall refund the whole amount received.

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Similar questions

State and explain the six steps required to raise funds from the public i.e., capital subscription by the company.

Private company can allot shares without receiving minimum subscription.

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