Issue of Share / Right Issue

This query is : Resolved

Vikas C Dond (Querist)
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21 October 2020 Thanks in Advance

We have Private Ltd co. paid up capital of Rs. 1L Face Value 100 each share and want to issue share to its Promoter / Director with the proportionately .
My Query is 1) Can we issue shares at Face Value ? ( Note - Now the Book Value of Share is in Thousand & Co. age is around 15 year Old ).
How we issue New share to its members and what are the procedure to execute this process.

Thanks

Arun Menon S

Arun Menon S (Expert)
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22 October 2020 The company can proceed with rights issue as they want to issue shares to its existing share holders on proportionate basis and the same can be issued at face value.