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B. The minimum subscription may be learnt from the i. Prospectusii. Record of general meetingiii. Memorandum of associationiv. Article of association |
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Answer» randum of associationThe minimum shares the company needs to get from the public out of the total ISSUE by the date of closure. (Presently every company need to RAISE 90% of the issued amount). Else, the company SHALL REFUND the whole amount RECEIVED. This 90 % has to be exclusive of the cheques that are not cleared. |
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