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
- TDS applicable invoice date or payment Date Which is important
- LTCG ON SALE OF RESIDENTIAL LAND
- Aggregate Turnover
- Casual Taxable Person, Last Return
- Amount received in account which was given to sons as gift
- Clearing forwarding reimbursement party account
- GSTR 1 CAN NOT BE FILED AFTER 3 YEARS
- Guidance Required on Raising Sale Invoice & E-Way Bill for Machines Already at Customer Premises
- Want to zero reversal electronic credit reversal ledger
- Regarding Itr Filing
- LTCG loss on delisted shares
- Money returned by sons given as gift
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
CAclubindia
