Accounts
This query is : Resolved
02 August 2013
If the qts. says if a share of rs. 100 is converted into a share of rs. 25 during the process of reconstructon , is dis a case of subdivision of shares or reduction in face value ?
CA Vijeta Verma
(Expert)
02 August 2013
Reduction in face value.
Your statement states that one share of rs 100 is converted into one/a share of Rs25.
Your statement states that one share of rs 100 is converted into one/a share of Rs25.
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Ganeshbabu K
(Expert)
03 August 2013
if it is subdivision then in question they would mention 100 rs share subdivided in to 25 each
so your question says 100 rs share converted to 25 rs share
so here this 75 rs can be transfer to reconstruction account
so your question says 100 rs share converted to 25 rs share
so here this 75 rs can be transfer to reconstruction account
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