Allotment
This query is : Resolved
27 January 2012
Earlier I have allotted the shares with the face value of Rs 10/- each .Now I want to allot the share with the face value of Rs.100/- per share . what is the procedure for allotment of share when the company is a Private Company.
27 January 2012
As per my view, u can not allot the same kind of shares with different Face value....
You can allot the shares having different rights as to voting, Dividend but not with different face Value.
You can allot the shares having different rights as to voting, Dividend but not with different face Value.
Guest
Guest
(Expert)
27 January 2012
You need to go for consolidation of face value u/s 95 of the Companies Act 1956. Covert face value of Rs. 10/- into Rs. 100/- each.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- TDS Challan Code
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
