Face value

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Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2014 IF COMPANY INCREASE ITS FACE VALUE AI LATER DATE THEN IS THERE ANY LIABILITY ARISE FROM SHAREHOLDER SIDE

Amol S Joglekar

Amol S Joglekar (Expert)
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02 June 2014 yes obviously. (The change in capital needs SPECIAL resolution) So it is always presumeed that sharholder has been given due opportunity of being heard.)By the way, what is your exact query.....pls write it in strict confidence....)

Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2014 SUPPOSE IF FACE VALUE OF THE COMPANY IS 10,FULLY PAID UP NOW COMPANY WANTS TO INCREASE BY 10 I.E.NEW FACE VALUE IS BACOME 20 THEN MY QUESTION IS : CAN EXISTING MEMBER LIABLE TO PAY SUCH INCREASE AMOUNT OF RS 10.

Amol S Joglekar

Amol S Joglekar (Expert)
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02 June 2014 my dear.....special resolution is required for that.....the exsisting shareholders may take objection to this na?.... and if the special resolution is duly passed, then obviously they are liable to pay the additional amount.

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