Minimum face value of a share of a private limited company


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THERE IS NO RESTRICTIONS ON THE MINIMUM FACE VALUE OF A SHARE OF A PRIVATE LIMITED COMPANY UNDER THE PROVISIONS OF COMPANIES ACT,1956. PLEASE CLARIFY IF THE RESTRICTIONS CONTAINED IN PARA 3.7 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (DISCLOSURE AND INVESTOR PROTECTION) GUIDELINES, 2000 WILL BE APPLICABLE FOR A SMALL PRIVATE LIMITED COMPANY DESPITE IT NOT BEING A PUBLIC LIMITED COMPANY (LISTED OR UNLISTED) ?