A company wants to consolidate its share capital. At present it has a share capital of 40,00,000 shares of Rs. 10 each. After consolidation, it becomes 2000 shares of Rs. 20,000 each. Is this possible, such a large denomination? Also, kindly suggest some case laws on the same.
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Consolidation of share capital query
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till now there is not any such privision is provided related to the denomination of the share face value
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