Allotment of securities
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2015
Kindly explain Section 39 (2) practically (in form of number like we see accounting questions), I am a li'l bit confused in this one.
28 August 2015
That means.
Suppose, the company is issuing 1000 shares of Rs 100 each i.e. total Rs 100000 capital.
Now, out of Rs 100, the subscribers has to pay atleast Rs 5 per share at the time of making application for subscribing the Offer. Subscribers can not pay below Rs 5 per share at the time of Application.
Suppose, the company is issuing 1000 shares of Rs 100 each i.e. total Rs 100000 capital.
Now, out of Rs 100, the subscribers has to pay atleast Rs 5 per share at the time of making application for subscribing the Offer. Subscribers can not pay below Rs 5 per share at the time of Application.
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