A public limited company having its share capital has to pass through two more stages. One of them is capital subscription, steps to be taken at this stage are listed below:
- The fulfilling formalities to raise necessary capital.
- Following the SEBI guidelines in this regard. Issuing prospectus.
- Appointing official banker of the company for receiving application from the investors,
- Passing resolution for making allotments by director.
- Despatch allotment letters to allottees.
- Filing allotment returns with the Registrar.
- Issuing share certificates in exchange for their allotment letter.
- Ensuring collection of minimum subscription.
