Question related allotment

parveen (trainee) (89 Points)

28 June 2013  

AUTHORISED CAPITAL 75

PREF.50

EQU 25

PAID UP 75

PREF 50

EQU  25

NOW REDEMPTION COMES

PREF AFTER REDEM 40

RECLASSIFICATION OF AUTHORISED CAPITAL

PREF 40

EQ 35

THEN ISSUE OF EQ

THEN FINAL PAID UP

EQ 35

PREF  40

 

PLEASE CONFIRM IS IT RIGHT PROCEDURE?????

THANKS IN ADVANCEsmiley