Distinctive no of shares

This query is : Resolved

Sneha (Querist)
Follow

11 July 2011 A pvt Ltd. Co. issued shares to its subscribers as follows

Class - equity
Face Value Rs.10/-

10000 shares (dist. Nos 1 - 10000) in the ratio of 2:1:1 among Mr. A, Mr.B and Mr.C

later it issued 40000 addl shares (Dist Nos 10001 - 50000) in the same ratio to the same people

Now the face value of all shares has been dropped to Re. 1/- per share resulting in 50000 shares now being 5,00,000 shares

How do we effect the change in distinctive no.s of all the shares in the shareholder's register??

CS Bijoy

CS Bijoy (Expert)
Follow

11 July 2011 According to me due to decrease in face value per share there will be no affect on distinctive number.

Sneha

Sneha (Querist)
Follow

11 July 2011 Sir,

should not the first 10000 shares (001-10000) become 100000 (001-100000) and the next 40000 become 400000 (100001-500000). The doubt lies only in the technicality.

Upgrade to CAclubindia Pro. Subscribe Now!