Face value of company shares
This query is : Resolved
Pravin Mishra
(Querist)
24 July 2012
Sir,
Face value of my company (listed company)is 10 who wants to consolidate it to 100 can we do this? is there any limitation on the face value of share of the company or we can keep it to any amount say 200 or 500?
please provide legal provisions governing the face value.
Face value of my company (listed company)is 10 who wants to consolidate it to 100 can we do this? is there any limitation on the face value of share of the company or we can keep it to any amount say 200 or 500?
please provide legal provisions governing the face value.
CS Ankur Srivastava
(Expert)
25 July 2012
You have to change the capital clause of MOA by passing Ordinary Resolution.
With the permission of shareholders by way of Ordinary Resolution you can change the denomination of shares and consolidate them.
With the permission of shareholders by way of Ordinary Resolution you can change the denomination of shares and consolidate them.
Pravin Mishra
(Querist)
25 July 2012
thank you, but sir can we increase the face of the shares to any amount or there is any limit to face value.
please provide the provision of company act governing the same,if any.
please provide the provision of company act governing the same,if any.
CS Ankur Srivastava
(Expert)
27 July 2012
The SEBI in its meeting held on March 19, 1999, considered the issue of standard denomination of equity shares issued by companies with a view to give flexibility to the companies for determining the same. The standard denomination for securities was limited to Rs. 10 or Rs. 100 in terms of Central Government circulars.
However, at any given time there must be only one denomination of the shares of hte Company.
However, at any given time there must be only one denomination of the shares of hte Company.
CS Ankur Srivastava
(Expert)
27 July 2012
The SEBI in its meeting held on March 19, 1999, considered the issue of standard denomination of equity shares issued by companies with a view to give flexibility to the companies for determining the same. The standard denomination for securities was limited to Rs. 10 or Rs. 100 in terms of Central Government circulars.
However, at any given time there must be only one denomination of the shares of hte Company.
However, at any given time there must be only one denomination of the shares of hte Company.
Message likes :
1 times
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
