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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Reporting in TDS return
- Grand in aid
- ASMT-10 received from A O
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
