SHARE CAPITAL
This query is : Resolved
18 August 2010
IF ANY PUBLIC LTD. LETS SAY HAVE AUTHORISED SHARE CAPITAL OF Rs.10,00,000 and THEY ALREADY ISSUED EQUITY SHARE CAPITAL OF Rs.8,00,000 with 80,000 of Rs.10 PER SHARE. AFTER 2 YEARS THEY WANT TO ISSUE MORE SHARES WITH Rs.36 per share i.e.3.6 times MORE THAN FACE VALUE PRICE.
MY QUERY IS THIS DIFF.i.e. Rs.26 will be treated as PREMIUM AND WHAT WILL BE THE COMPOSITION OF BALANCE SHEET AFTERWARDS.
will the face value in balance sheet remain at Rs.10 per share or Rs.36 per share.
MY QUERY IS THIS DIFF.i.e. Rs.26 will be treated as PREMIUM AND WHAT WILL BE THE COMPOSITION OF BALANCE SHEET AFTERWARDS.
will the face value in balance sheet remain at Rs.10 per share or Rs.36 per share.
18 August 2010
Share capital under paid up capital will be credited by Rs. 10 the face value and securities premium under reserves & surplus will be credit by Rs. 26 per share.
Face value will be Rs. 10 only.
Face value will be Rs. 10 only.
18 August 2010
yes Rs. 26 will be treated as security premium and it will be shown in the balance sheeet as security premium under reserve & surplus.
18 August 2010
AGREED WITH EXPERTS.
AMOUNT IN EXCESS OF FACE VALUE OF SHARE WILL BE TREATED AS SHARE PREMIUM. IT WILL BE SHOWN IN SEPRATE ACCOUNT "SHARE PREMIUM A/C"
AMOUNT IN EXCESS OF FACE VALUE OF SHARE WILL BE TREATED AS SHARE PREMIUM. IT WILL BE SHOWN IN SEPRATE ACCOUNT "SHARE PREMIUM A/C"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
