Can anyone please tell me what is meant by Cancellation of shares?? and how does it affect to the share capital of the company??
Can anyone please tell me what is meant by Cancellation of shares?? and how does it affect to the share capital of the company??
when a company buys back its some shares & cancells it i.e. makes it ineffective for future. it is called cancellation.. Promoter group do it to increase their relative shareholding.. it is just opposite of issuing new shares which dilute existing shareholding..
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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SSGS and Associates
Chennai
CA Inter
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Karia Overseas
Ahmedabad
CA
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CAclubindia
