Minimum subscription
Options
A
B
C
D
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Company AccountsQ-4 | Introduction to Company AccountsQuestion 4880 of 112
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
Minimum Subscription:
Minimum Subscription means the minimum amount of subscription which a company
must receive before it can allot securities to the subscribers.
According to Section 39(1) of the Companies Act, 2013, no allotment of securities shall be
made:
(i) unless the amount stated in the prospectus as the minimum amount has been
subscribed;
(ii) the sum payable on application for such amount has been paid to and received by
the company.
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