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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?


Ankush R

Ankush R

CA Foundation

21K+

29-Sep-20 12:28

9

Answers (5)

Shares cannot be issued at discount to face value.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Sep-20 12:40

Shares cannot be issued at discount to face value.

Means shares are to be discounted at â?¹6?


Ankush R

Ankush R

CA Foundation

21K+

29-Sep-20 12:42

Shares cannot be issued at a discount as per section 53 Companies Act except for sweat equity shares.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Sep-20 12:46

What about this Sir?

Actually question is invalid as per law. Anyways, consider the discount portion along with application.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Sep-20 17:55

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