Rohit (CA-Final) (1485 Points)
09 August 2012
Hello , Can somebody help me ??
Que. : If any shareholder has only one share , but company has passed a reslution to consolidate 2 shares into a single share , then what should be done ??
Venkat
(Article assistant )
(43 Points)
Replied 10 August 2012
Hello Rohit,
If the company pass the resoltution for consolidated two shares into singale share , at that time also Company will clarifi the change for thae same, i.e. may be to pay cash or if the member not interested to get the cash then the share nominal value should differ as per new scheme, the remaining has to payable by the share holder, if the new nominal value is greater than the previous value. normally the new nominal value is more.
Thanking you for sharing your doubt
Venkat
(Article assistant )
(43 Points)
Replied 10 August 2012
May be practically it's not possible to araise your assuming situation.
CAclubindia
