Minimum subscription.

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..... subscription. 11. (1) The issuer may decide the amount of minimum subscription which it seeks to raise by issue of 1[municipal] debt securities and disclose the same in the offer document: Provided .....

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..... oresaid refund, then the issuer shall refund the subscription amount along with interest at the rate of ten per cent. per annum for the delayed period. ************* NOTES:- 1. Inserted vide NOTIF .....

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