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what is minimum subscription ?

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Accountancy--> Study Material--> Book-2 (named as Company Accounts and Analysis of financial Statement)--> Chapter-1 (named as Issue of Shares)--> Lesson-6 (named as Full Subscription, Under subscription and Over Subscription)--> under the head Minimum Subscription of Shares.

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Minimum number of shares is that number of shares on which amount received from shareholders is sufficient from the point of view of directors.It should be 90% of the capital issue,when the first public issue is made.

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Minimum number of shares is that number of shares on which amount received from shareholders is sufficient from the point of view of directors.It should be 90% of the capital issue,when the first public issue is made.

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Minimum subsription is that number of shares on which amount received from shareholders is sufficient from the point of view of directors.It should be 90% of the capital issue,when the first public issue is made.

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