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Number of shares in a company

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(Querist)
25 August 2012 In a pvt ltd company if the authorized capital is 1 lakh then how many shares can be their?
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Ajay Mishra

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Ajay Mishra (Expert)
25 August 2012 Hi

At least 100000 shares if the price of one share is Rs.1/-.

But as normal practice, the one share should be Rs. 10/- per share i.e. 10,000 shares .

It means Authorised capital of the Company is Rs. 100000 divided in to 10000 equity shares of Rs. 10/- each.
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SANYAM ARORA

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SANYAM ARORA (Expert)
25 August 2012 Agreed with the reply
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Amit Subodh

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Amit Subodh (Querist)
25 August 2012 Thanks for the immediate reply
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Guest

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Guest (Expert)
25 August 2012 Agree with the esteemed experts.

However, It can also be 1000 shares @ Rs. 100/- each. It is also very common practice.
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