Dhiraj Bagri (Manager - Finance & Accounts) (174 Points)
16 December 2010Dear All,
If the valuation of share of a Pvt Ltd Co as per Balance Sheet is Rs.45/-share and it issues Share @ Rs.100/- share. Then will all the share transaction be done @ Rs.100/- share and not below that.
If someone can refer the case wrt the same then plz let me know.
Thanks
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 16 December 2010
Dhiraj Bagri
(Manager - Finance & Accounts)
(174 Points)
Replied 16 December 2010
Dear Prabeer,
Yes, shares is being traded privately and the reason for not issuing the same at Rs.45/- is that it would exceed the authorized capital limit.
Thanking you
CAclubindia
