Can a Company issue a share having face value of Rs. 10 at Rs. 97 Post category:Accountancy Reading time:1 mins read SOLUTION No. Under Section 53 of the Companies Act, 2013, a Company cannot issue shares at discount. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive one point of distinction between Reserve Capital and Capital Reserve. Next PostCan ‘securities premium reserve’ be distributed as dividend? You Might Also Like On dissolution of a partnership firm, where is profit or loss on realization transferred? September 27, 2022 Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the ‘Share Capital’ in the Balance Sheet of the company July 9, 2022 Give the meaning of ‘Long-term Provisions’. September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On dissolution of a partnership firm, where is profit or loss on realization transferred? September 27, 2022
Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the ‘Share Capital’ in the Balance Sheet of the company July 9, 2022