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Redemption of preference shares

Accountancy

In below illustration why don't we calculate minimum number of shares as per sec 55,for the purpose of fresh issue ...as face value and issue price is different here

S.K Anusha

CA Foundation

★ 17K+

16-Sep-21 18:38

469

Answers (2)

In that question there itself given company is going to issue 50,000 right shares.And also given they are fully subscribed

Sairam Reddy

CA Final

★ 10K+

16-Sep-21 19:35

No need to find minimum no of shares to be issued

Sairam Reddy

CA Final

★ 10K+

16-Sep-21 19:36