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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
