Question

State the following statement is True or False:

A minimum amount of capital to be collected by company at initial stages is minimum subscription.

• A. True
• B. False

Answer 1

The correct option is A True

A minimum amount of capital to be collected by the company at the initial stages is a minimum subscription- this is a true statement. The minimum shares the company needs to get from the public out of the total issue by the date of closure is known as a minimum subscription.Hence the statement is true.