issue of pref shares
This query is : Resolved
06 July 2010
Hi ,
Can a Pvt. Co. can issue pref. shares at 10 paise, the face value of these shares is Rs. 10/-. The date of incorporation of company is 22nd June, 2010.
Please reply its urgent.
Regards,
Abhilasha Pandey
Can a Pvt. Co. can issue pref. shares at 10 paise, the face value of these shares is Rs. 10/-. The date of incorporation of company is 22nd June, 2010.
Please reply its urgent.
Regards,
Abhilasha Pandey
06 July 2010
Hi,
If you issue shares at a price less than the face value then it would be equal to issue of shares at a discount for which to have to obtain CG approval u/s 79.
Further a company can use section 79 only after the expiry of 1 year from which company is entitled to commence business.
Kindly go through section 79.
Views of other experts solicited.
Regards
If you issue shares at a price less than the face value then it would be equal to issue of shares at a discount for which to have to obtain CG approval u/s 79.
Further a company can use section 79 only after the expiry of 1 year from which company is entitled to commence business.
Kindly go through section 79.
Views of other experts solicited.
Regards
06 July 2010
Thankyou.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Specified Profession
- Tax liability on income of freelancer
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- 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
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
