Refund in case of minimum subscription

Hi sir Sir in icdr amendment there's written in case min subscription is not received all monies to be refunded within 4 days so does this apply to non convertible red pref sh chapter also?

Okay, thankyou sir!

Answer given by Tanu Bhattacharjee at 09-Dec-2022 08:31 AM

No, this amendment is not applicable to non convertible redeemable preference shares chapter.

Answer given by Shubhamm Sir at 02-Dec-2022 04:26 PM