Formate of letter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
please provide only Sample of letter to send shareholders in consolidation of shares.
Guest
Guest
(Expert)
13 January 2012
The Board of directors of the Company is planning to make a public issue of equity shares for augmenting longterm
working capital requirements of the Company.
Since Company is not very old, as per SEBI guidelines, the offer will have to be made at par and that the value of
share shall not be in a fraction of rupee. At present equity capital of the Company is divided into equity shares of Rs.
2.50 each. Existing shares are proposed to be consolidated into equity shares of Rs. 10.
According to the provisions of section 94 of the Act, approval of the shareholders by way of Ordinary Resolution
is required for consolidation of shares.
working capital requirements of the Company.
Since Company is not very old, as per SEBI guidelines, the offer will have to be made at par and that the value of
share shall not be in a fraction of rupee. At present equity capital of the Company is divided into equity shares of Rs.
2.50 each. Existing shares are proposed to be consolidated into equity shares of Rs. 10.
According to the provisions of section 94 of the Act, approval of the shareholders by way of Ordinary Resolution
is required for consolidation of shares.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
