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.
Jiten Gupta
(Expert)
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.
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