Dear EXPERTS
This query is : Resolved
20 August 2010
The Nominal value of the QUALIFICATION SHARES shall not exceeds Rs 5000 or the Nominal value of one share where it exceeds Rs 5000
Respected Sir's
I can't understand the exact meaning of the section
PLEASE EXPLAIN WITH EXAMPLE
Respected Sir's
I can't understand the exact meaning of the section
PLEASE EXPLAIN WITH EXAMPLE
20 August 2010
It may mean that the nominal value of all shares treated as qualification shares should not exceed Rs. 5000 and if exceeds than nominal value of one share should not exceed Rs. 5000.
eg: Qualification shares to be acquired are 2 shares than
total value of both the shares should not be Rs. 5000 and if it exceeds than value of one shares should not be more than Rs. 5000.
eg: Qualification shares to be acquired are 2 shares than
total value of both the shares should not be Rs. 5000 and if it exceeds than value of one shares should not be more than Rs. 5000.
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