prakash (Company Secretary) (1352 Points)
09 September 2014Dear All,
Can company issue 5 equity shares of face value of Rs. 10 at Rs, 18.10 including premium of Rs. 8.10 per equity shares aggregating to Rs. 90.50.
My intention is to know whether premium amount can be in fraction.
i feel premium can be in fraction but not the face value.
Uttam
(employee)
(814 Points)
Replied 10 September 2014
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 10 September 2014
Yes, premium amount can be in fraction. There is no issue.
CAclubindia
