Dear All,
Can company issue 5 equity shares of face value of Rs. 10 at Rs, 18.10 including premium of Rs. 8.10 per equity shares aggregating to Rs. 90.50.
My intention is to know whether premium amount can be in fraction.
i feel premium can be in fraction but not the face value.
Yes, premium amount can be in fraction. There is no issue.
Triveni Turbine Limited
Bengaluru
CA
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Shaswat initial support private limited
Ahmedabad
CS
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
