share price calculation
manisha (cs) (1118 Points)
25 January 2017nd wat will be issue price
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 27 January 2017
Face value needs no calculation. It is to be decided by the management. Refer capital clause of your MoA for the same.
In case of private company issue price is to be also decided by the management considering provisions of Articles & Rule 13 of Companies (Share Capital & Debentures) Rules 2014. Just keep in mind Sec.56(2)(viib) of IT Act 1961.