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Shares issue
Shares are discounted on face value or on called up value? For example- if a share has face value of â?¹10 and is called up for â?¹6 and given 10% discount, discount is on â?¹10 or â?¹6?
Answers (5)
Suraj Lakhotia Admin
Shares cannot be issued at discount to face value.
Means shares are to be discounted at â?¹6?
Thread Starter
Ankush RWhat about this Sir?
Actually question is invalid as per law. Anyways, consider the discount portion along with application.
