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what is procedure as per companies act , 2013 for reduction in face value and increase in number of shares of the company at shareholders request ??
Replies (5)
hi .. this is called "share split" (not to be confused with reduction of capital) ... for share split ordinary resolution to be passed by members and form sh.7 to be filed with MCA..
means there is no specific provision for it or exemption or any rule ?? please clarify clearly and this topic regarding question asked in NOV 17 exams paper 2 !!
refer section 61
okk and Thanks
you may give suggested answer of paper 2 in IPCC NoV 17 exam
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