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Under the Companies Act, the minimum subscription refers to the minimum amount of capital that must be raised by a company through the issuance of shares before it can proceed with the allotment of those shares. This amount is typically specified in the company's prospectus and must be subscribed and paid for by the public. The minimum subscription must be achieved within a specified period, usually within 120 days from the date of the issue of the prospectus. If the minimum subscription is not obtained, the company must refund the application money to the applicants.

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3w ago

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