Why minimum subscription is needed by the company?

The correct answer is option 4- All of these.

The minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

• the price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue.
• preliminary expenses payable by the company and any commission payable in connection with the issue of shares.
• the repayment of any money borrowed by the company for the above two matters.
• working capital.
• any other expenditure required for the usual conduct of business operations.