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Allotment of shares @ face value

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2015 I have query that, can Company issue shares at face value if previously issued shares at premium. Is this given in any reference or in any rule?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
06 January 2015 Yes.

Company can issue shares at face value even though it has issued shares at premium

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