Ipcc law

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2012 Q1) SHARE ON DISCOUNT , WHERE 10% IS ALLOWED IS THAT 10% ON FACE VALUE OR ISSUE PRICE (PREMIUM)

Q2) SAME WITH DIVIDEND , IS IT ON FACE VALUE OR ISSUE PRICE FOR EX A SHARE WITH THE FACE VALUE OF RS10 AND ISSUE PRICE OF RS 150

SUPPOSE THE SHARE IS FULLY PAID UP NOW THE DIVIDEND IS ON RS 10 OR RS 150
AND DISCOUNT ON RS 10 OR 150

0

CA Anurag Nema

CA Anurag Nema (Expert)
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17 December 2012 Both must be on Face Value.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2012 SIR IT MEANS THAT SUPPOSE TODAY I BOUGHT A SHARE OF RELIANCE FROM BOMBAY STOCK EXCHANGE AT RS 850 PER SHARE WITH ITS FACE VALUE OF RS 10 THEN I WILL GET A DIVIDEND OF 10% ON FACE VALUE THAT IS ONLY RS 1

OR I WILL GET A DIVIDEND OF 10% ON RS 850 AT WHICH I HAVE PURCHASED A SHARE

THANKS

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