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Answer / reena
Nominal value of the shares means the face value of the
shares. It is fixed by the Company at the time of issue /
subcription of shares. It is the maximum value which can be
demanded by the Company from the shareholders who subscribe
to the shares.
|Is This Answer Correct ?||47 Yes||21 No|
Answer / neha
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 ?||41 Yes||24 No|
Answer / ajay
nominal value of share is also known as face value of
share. It is determined by the company before filing of
prospectus. It is recognised value of a share and which
distinguishes one kind of share to another. It is the value
for which a shareholder is liable. it can be in multiple of
Rs. 1 and can not be in fraction.
|Is This Answer Correct ?||20 Yes||12 No|
Answer / sinchana
the value fixed for each share is called it's original or nominal value.
|Is This Answer Correct ?||1 Yes||1 No|
Answer / bhimaray
The nominal value of a share is an arbitrary value allotted to that unit. When considering shares, it is usually the market value and not the nominal or book amount which investors and other stakeholders are interested in
|Is This Answer Correct ?||2 Yes||3 No|
Answer / arnab
Nominal Value is the face Value.It is price of 1 share
originally issued by a company.
|Is This Answer Correct ?||15 Yes||17 No|
Answer / prashant arjun kole
The stated value of an issued security. Nominal value in
economics also refers to a value expressed in monetary terms
for a specific year or years, without adjusting for
inflation. When used in reference to securities, nominal
value is also known face value or par value.
|Is This Answer Correct ?||0 Yes||2 No|
Answer / manas jose
the nominal value of share is the maximum amount at whih
the share can issued.
|Is This Answer Correct ?||37 Yes||50 No|
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
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I am forming a Pvt. Ltd. company with total 4 no. of directors including myself. I'll be providing all the financing via. initial capital investment + operating cost. We have mutually agreed to keep percentage as - 55% myself and 15% each of other 3 (15x3=45%) now my questions are : 1. What if one person backs out at any given point, what are implications and what would happen to his share of percentage ? 2. What should I do to keep a control on decisions and financial matters in case any of the directors cheats/wants to leave? (as my money will be on stake)
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