Face value of shares

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naresh (Querist)
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13 June 2015 dear sir,
I am having Dividend warrant of XYZ Company Rs.24/- No of shares on Dividend warrant 40 & company declared DW @60%. How to calculate face of the shares.
please advice me immediately.
naresh

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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13 June 2015 The Face Value s Re.1/-.
Dividend rate is always on the face Value of the shares/ securities.
Since you have received the dividend Rs. 24, which is 60% on the face value, The face value of total shares = 24/40%= Rs. 40/-.
No of shares = 40.
So face Value per share = Rs.40/40 Nos= Re.1/-.

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