Share capital
This query is : Resolved
02 September 2009
If face value of equity share is reduced to Rs 2 from Rs 10. then what is the face value of authorised share capital to be shown.
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).
Ankur Garg
(Expert)
02 September 2009
authorised capital still remain same i.e. 500000.
250000 equity shares @ Rs 2 each.
250000 equity shares @ Rs 2 each.
02 September 2009
there can be one denomination at a time of shares in india..if u have reduced face value of shares.accordingly your authorised share capital shall be shown in balance sheet as
25000 Equity shares @ Rs 2 each(P.Y 50000 shares of Rs 10 each)
25000 Equity shares @ Rs 2 each(P.Y 50000 shares of Rs 10 each)
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