alteration of share capital
vaishali singh (trainee) (395 Points)
30 October 2018
can anyone explain me clause 61(d) pertaining to sub division of shares into smaller amount with example?
1 Replies
animesh mishra
(37 Points)
Replied 31 October 2018
example of sec61(1)d , presume a company is having shares of face value of ₹10 and now company wants to convert them into shares of face value of ₹1 each. company will pass the resolution and will convert 1 share of ₹10 into 10 shares of ₹1 each (FV) .
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