Distinctive no of shares
This query is : Resolved
11 July 2011
A pvt Ltd. Co. issued shares to its subscribers as follows
Class - equity
Face Value Rs.10/-
10000 shares (dist. Nos 1 - 10000) in the ratio of 2:1:1 among Mr. A, Mr.B and Mr.C
later it issued 40000 addl shares (Dist Nos 10001 - 50000) in the same ratio to the same people
Now the face value of all shares has been dropped to Re. 1/- per share resulting in 50000 shares now being 5,00,000 shares
How do we effect the change in distinctive no.s of all the shares in the shareholder's register??
Class - equity
Face Value Rs.10/-
10000 shares (dist. Nos 1 - 10000) in the ratio of 2:1:1 among Mr. A, Mr.B and Mr.C
later it issued 40000 addl shares (Dist Nos 10001 - 50000) in the same ratio to the same people
Now the face value of all shares has been dropped to Re. 1/- per share resulting in 50000 shares now being 5,00,000 shares
How do we effect the change in distinctive no.s of all the shares in the shareholder's register??
11 July 2011
According to me due to decrease in face value per share there will be no affect on distinctive number.
11 July 2011
Sir,
should not the first 10000 shares (001-10000) become 100000 (001-100000) and the next 40000 become 400000 (100001-500000). The doubt lies only in the technicality.
should not the first 10000 shares (001-10000) become 100000 (001-100000) and the next 40000 become 400000 (100001-500000). The doubt lies only in the technicality.
16 July 2011
Technically new share certificates are required to be issued of face value Rs.1 in exchange of the old certificates.
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
- STCG....................................................
- Supply through E-commerce Operators
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Plot of land. Cost of Acquisition
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
