Minimum subscription requirement ensures issuers disclose target and mandates immediate refund if unmet to applicants. Minimum subscription is the issuer's self-determined fundraising threshold for a public debt securities offering and must be disclosed in the offer document. If the announced minimum subscription is not achieved, all application monies received in the public issue must be refunded forthwith to the applicants.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum subscription requirement ensures issuers disclose target and mandates immediate refund if unmet to applicants.
Minimum subscription is the issuer's self-determined fundraising threshold for a public debt securities offering and must be disclosed in the offer document. If the announced minimum subscription is not achieved, all application monies received in the public issue must be refunded forthwith to the applicants.
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