The minimum amount of capital which must be subscribed by the public before allotment is called ___________.

Allotment money

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Minimum subscription

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Subscribed capital

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None of the above

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Solution

The correct option is B Minimum subscription
The minimum number of shares company should get from the public is called minimum subscription. In case it is not achieved, company need to refund the whole amount.

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The minimum amount of capital which must be subscribed by the public before allotment is called ___________.

The correct option is B Minimum subscriptionThe minimum number of shares company should get from the public is called minimum subscription. In case it is not achieved, company need to refund the whole amount.

The correct option is B Minimum subscription
The minimum number of shares company should get from the public is called minimum subscription. In case it is not achieved, company need to refund the whole amount.