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of <h1>Companies Must Meet Minimum Subscription in 30 Days or Return Funds; Penalties for Non-Compliance Apply Under Securities Rules</h1> A company offering securities to the public must ensure the minimum amount specified in the prospectus is subscribed, and the application sums are paid and received by the company. The application payment must be at least five percent of the security's nominal amount or as specified by the Securities and Exchange Board. If the minimum subscription is not met within 30 days or another specified period, the received amounts must be returned. Companies must file a return of allotment with the Registrar. Non-compliance results in penalties of one thousand rupees per day or one lakh rupees, whichever is less.
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