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Prospectus — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCProspectus3 Marks
Question
What is called Minimum Subscription ?
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Answer

Meaning of Minimum Subscription : The amount of Minimum subscription to be obtained by each company is not mentioned in the Companies Act. Thus, the directors and other experts decide the amount of Minimum Subscription by sitting together.
Meaning : The minimum amount of share purchase required in order to start proper business as per its wish is called Minimum Subscription.

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