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Nominal value

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2012 What should be the nominal value per shares as per Companies Act? Or is there any specified value for nominal value of a share?
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Ajay Mishra

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Ajay Mishra (Expert)
10 April 2012 Hi


Minimum Nominal value has not been define under Companies Act, 1956, but minimum nominal value will be Rs. 1 because fraction in shares is not allowed.


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2012 Thank u...does this mean there is no limit for maximum nominal value..It could be Rs 10,100 or 10000???
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