Number of shares in a company
This query is : Resolved
Amit Subodh
(Querist)
25 August 2012
In a pvt ltd company if the authorized capital is 1 lakh then how many shares can be their?
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.
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
(Expert)
25 August 2012
Agreed with the reply
Amit Subodh
(Querist)
25 August 2012
Thanks for the immediate reply
Guest
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.
However, It can also be 1000 shares @ Rs. 100/- each. It is also very common practice.
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