16 June 2011
Can a Pvt ltd company sell its shares at Rs10/ to a public co., when the book value of its share is Rs100/- What are the implications? How is the value of share determined for the transfer of share? what is the diff between book value and fair value?
12 July 2011
First, private company can not sell its shares to public. For transfer of shares market value is ascertained, in case of private company book value also known as intrinsic value. Karket value is sometimes known as fair value.
CAclubindia
