Does autorised share capital include both offer for sale and fresh issue during IPO.
Shreesha .T.u
CA Foundation
★ 495
04-Dec-20 13:27
12
Answers (3)
Best Answer
Offer for sales shares are held by promoters ( i.e already subscribed and paid up by them) . so such shares are already part of authorised capital. For fresh issue, you have to increase the auth captal