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Discussion > Corporate Law > Others >

Consolidation of share capital query

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student

[ Scorecard : 36] 		Posted On 18 April 2012 at 09:40 Report Abuse

A company wants to consolidate its share capital. At present it has a share capital of  40,00,000 shares of Rs. 10 each. After consolidation, it becomes 2000 shares of Rs. 20,000 each. Is this possible, such a large denomination? Also, kindly suggest some case laws on the same. 

lucky bhatia
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[ Scorecard : 37] 		Posted On 18 April 2012 at 10:44

till now there is not any such privision is provided related to the denomination of the share face value

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