Subscript example sentences

The excess money received on over subscription may, however, be retained for adjustment towards allotment and the respective calls to be made.The problem of over subscription is finally resolved with the allotment of shares.For example, subscriptions received from the members on different dates which appear on the debit side of the cash book, shall be shown on the receipts side of the Receipt and Payment Account as one item with its total amount.However, as stated earlier, it must be ensured that the company has received the minimum subscriptions (not less than 90% of the offer otherwise the procedure for issue of shares cannot proceed further and the company will have to refund the entire subscription amount received.For example, in the Receipt and Payment account for the year ending on March 31, 2007, we record the total subscriptions received during 2006–07 including the amounts related to the years 2005–2006 and 2007-200 Similarly, taxes paid during 2006–07 even if they relate to the years 2005–06 and 2007–2008 can also be recorded in this account of 2006-0 It includes all receipts and payments whether they are of capital nature or of revenue nature.The wages of professionals were paid by patronage or subscription or gate money.It is that part of the authorised capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.This is to ascertain the amounts of: (a) subscriptions due but not yet received: (b) incomes received in advance; (c) sale of fixed assets made during the year; (d) items to be capitalised (i.e. taken directly to the Balance Sheet) e.g. legacies, interest on specific fund investment and so on.Under subscription is a situation where number of shares applied for is less than the number for which applications have been invited for subscription.When minimum subscription has been received and certain legal formalities on the allotment of shares have been duly complied with, the directors of the company proceed to make the allotment of shares.A company, however, cannot allot more debentures than it has invited for subscription.When the shares offered for public subscription are subscribed fully by the public the issued capital and subscribed capital would be the same.Subscription paid by the members is shown as receipt in the Receipt and Payment Account and as income in the Income and Expenditure Account.The main sources of their income are subscriptions from members, donations, financial assistance from government and income from investments.Some members prefer to pay lump sum amount as life membership fee instead of paying periodic subscription.