Procedure for Sub division of shares in pvt limited Companies Act 2013

Vaibhav Goel (Accountant) (62 Points)

23 December 2016  

Sir A Private Limited Company wishes to reduce the the face value of its equity shares from Rs.10 to Rs.2 without changing the Net Holdings

 For Example:

Party A has 100 Shares @ Rs10 each= Rs.1000 worth of shares

after reduction of face value from Rs 10 to Rs. 2

 Party A has 500 Shares @ Rs.2 each = Rs. 1000