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27.1 PROCEDURE OF ISSUE OF SHARES Face value of a share is the par value of the share. It is also known as the Nominal value or denomination of a share. To issue shares a company follows a definite procedure which is controlled and regulated by the Companies Act and Securities Exchange Board of India (SEBI).
- ISSUE OF SHARES - The National Institute of Open Schooling (NIOS)
To issue shares a company follows a definite procedure which...
- ISSUE OF SHARES - The National Institute of Open Schooling (NIOS)
To issue shares a company follows a definite procedure which is controlled and regulated by the Companies Act and Securities Exchange Board of India (SEBI). There are different ways of issue of shares which may be: (A) For consideration other than cash (B) For cash (A)Issue of shares for consideration other than cash
ISSUE OF SHARES. Under Companies Act, 2013 and relevant rules framed thereunder. All the Share Capital which is not Preference Share Capital. Equity Shares. Type of Shares Preference Shares. Issued Capital which carries a preferential right with respect to: Payment of dividend. Repayment of capital. With Voting Rights.
Shares can be issued in two ways. 1. Issue of shares at Par 2. Issue of shares at Premium Issue of shares against Lump sum payment: When whole amount due on shares is payable in one instalment i.e, at the time of application. The journal entries will be as follow: Illustration 3: Vaibhav Ltd. issued 1, 00,000 shares of Rs.10 each at per. The whole
3 Issue of Shares and Debentures. 3 ol. Types of capital. limited company may raise finance either by issuing shares or by raising loans. Debentures are simply a type of loan. Shares may be further subdivided into different types, as follows.
The issue of shares at discount is authorised by a resolution passed by the company at its general meeting and sanctioned by the central government. The resolution must specify the maximum rate of discount at which the shares are to be issued, but the rate should not exceed 10% of the nominal value of shares.
♦ Learn the accounting treatment if shares issued under different circumstances. ♦ Differentiate the accounting treatment for under -subscription and over-subscription of shares. ♦ Understand the concept and accounting treatment of call -in-arrears and call-in-advance.
