Alootment of shares
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2011
Can we allot shares at a lower premium than the earlier alootment at a higher premium.
Example- If we allotted shares @500 in earlier allotment, then can we allot the shares at the rate of Rs. 100/- in the present allotment.
The company is unlisted public limited company.
Example- If we allotted shares @500 in earlier allotment, then can we allot the shares at the rate of Rs. 100/- in the present allotment.
The company is unlisted public limited company.
Toshiba Sugandhi
(Expert)
29 March 2011
first to decide Issue price is the decision of Board of Directors.
Second board should consider the book value as on the date of allotment.
Third the allotment should not be on the same date.
Lastly Company should have proper justification of the same.
Second board should consider the book value as on the date of allotment.
Third the allotment should not be on the same date.
Lastly Company should have proper justification of the same.
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