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 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
What is Nominal value of Share?
 Question Submitted By :: Abhay
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Nominal value of Share?
Answer
# 1		 
the nominal value of share is the maximum amount at whih 
the share can issued.
 
Is This Answer Correct ?    5 Yes 0 No
Manas Jose
 
  Re: What is Nominal value of Share?
Answer
# 2		 
Under the Companies Act 1985 shares may be issued by the
company to shareholders in return for cash or other value
equal to or greater than its nominal value. Shares in the
authorized share capital are available to be issued. The
issued share capital refers to shares which have been
allotted and issued and held by shareholders. Not all of the
authorised share capital needs to be issued. When shares are
issued the person subscribing must pay cash or equivalent
value of at least the nominal amount. Where the share is
worth more than its nominal amount, a premium may also be paid.
 
Is This Answer Correct ?    1 Yes 0 No
Neha
 
 
 

 
 
 
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