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100, suppose it is issued to public at a price of Rs. Share broken / underwriters commission and other capital issue expenses. When the company issues its shares at a price equal to the face value of the shares issued for subscription, it is termed as “issue of shares at par’ For example a share having a face value of Rs. Your email address will not be published.

Commerce. One Person Company OR OPC:Meaning: Companies Act 2013 introduces a new type of entity to the existing list i.e., apart from forming a public or private limited company, the Act enables the formation of a new entity ‘One Person Company’ (OPC). Complete It can be used by the company for the following purposes. this is your one stop solution. Here the difference between face value and issue price is called as a ‘share premium ‘ . For example a share having a face value of Rs.100, suppose it is issued to public at a price of Rs. copyright©whatsitis.com2018 Episode 1 for class 12 Issue of Shares An Introduction and Practical knowledge about #Shares #Face Value #Market Value And Our Entertainment Editorial Team Offers You Best Daily Wishes Images, Quotes Like Morning, Evening, Night Wishes Images In English And Also In Hindi, Tests & Videos, you can search for the same too. shall not apply to OPC. Share premium is a capital profit to the company, it is shown on the libialities side of balance sheet under the head “ Reserve & Surplus  “.

100, suppose it is issued to public at a price of Rs. Minimum number of members is 2, and the maximum, exclusive of past and present employees is 200. Introduction - Issue of Shares Commerce Notes | EduRev notes for Commerce is made by best teachers who have written some of the best books of EduRev is like a wikipedia This video is for class 12 of all types of boards Basic accounting of Shares. Get Best Hindi Quotes, Suvichar, Hindi Essays, Speech, And More Useful Content On Latest Trending Topics. From Here You Can Find Some Educational Articles About Finance , Accounts In English And Some Best Essays On Various Topics In Hindi Language. If you want Introduction - Issue of Shares Commerce Notes | EduRev You can see some Introduction - Issue of Shares Commerce Notes | EduRev sample questions with examples at the bottom of this page. b, To write – off the following losses / fictitious assets : c, Amount of share premium can be used to make a provision for premium payable on the redemption of redeemable preference shares and debentures. Introduction - Issue of Shares Commerce Notes | EduRev chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check (4) Common Seal. Issue Of Shares Introduction What is the meaning of issue of shares? Below are the some important points relating to the premium : a, To issue the bonus shares to existing shareholders. Required fields are marked *. When the company issues it’s shares at a price above its face value / par value , it is termed as ‘ issue of shares at premium ‘.

Complete Introduction - Issue of Shares Commerce Notes | EduRev chapter (including extra questions, long …

Minimum number of members is 7 and there is no limit to, maximum number. You can download Free Introduction - Issue of Shares Commerce Notes | EduRev pdf from EduRev by Do check out the sample questions

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There is no maximum limit on the amount of share premium to be collected, as per companies Act. 1,00,000 at present. There is restriction on the transfer of its shares. An OPC means a private limited company with only one person as its member [Section 2 (62)].Member of OPC:Only natural person who is citizen of India can be a member of OPC.Minimum Paid-up Capital:Its minimum paid-up Capital should be Rs.1,00,000.Purpose:It can be formed for business as well as charitable purpose.Number of Directors:An OPC can have minimum one and maximum fifteen directors.Conversion:An OPC cannot convert itself into public or private company unless a period of 2 years has expired from the date of its incorporation and conversion is mandatory when the paid-up share capital is increased beyond Rs.50 Lakh or its average annual turnover during the relevant period exceeds Rs.2 Crore.Benefits:(i) OPC is not required to include Cash Flow Statement in its financial statements. 100. your solution of Introduction - Issue of Shares Commerce Notes | EduRev search giving you solved answers for the same. Discount of issue of shares and debentures. It can invite the public to subscribe to its shares. Commerce Introduction - Issue of Shares Commerce Notes | EduRev Summary and Exercise are very important for By continuing, I agree that I am at least 13 years old and have read and agree to the. Company can collect the amount of share premium with the amount of any installments In general it is collected with share allotment money. using search above. Issue Of Shares Introduction What is the meaning of issue of shares? just for education and the Introduction - Issue of Shares Commerce Notes | EduRev images and diagram are even better than Byjus! 130. (ii) The provisions relating to calling of AGM, Notice for General Meeting, Quorum for meetings, Proxies etc. ISSUE OF SHARES AT PAR : When the company issues its shares at a price equal to the face value of the shares issued for subscription, it is termed as “issue of shares at par’ For example a share having a face value of Rs. of Introduction - Issue of Shares Commerce Notes | EduRev for Commerce, the answers and examples explain the meaning of chapter in the best manner. Our main goal is to provide useful information to the peoples in english and hindi so that they can obtain information wherever they are. You can also find Introduction - Issue of Shares Commerce Notes | EduRev ppt and other Commerce slides as well. WhatsItis.com Best Website For Motivational And Educational Articles. Commerce Introduction - Issue of Shares Commerce Notes | EduRev Summary and Exercise are very important for perfect preparation. You can see some Introduction - Issue of Shares Commerce Notes | EduRev sample questions with examples at the bottom of this page. perfect preparation. • The name of every private company must end with the words private limited.Public Company:• As per Section 2 (71) of Companies Act, 2013, a public company means a company which is not a private company and has a minimum paid-up share capital of Rs.5,00,000 or such higher paid-up share capital as may be prescribed by the Companies Act. (5) Transferability of Shares. As share premium is a capital profit , it can not be used for distribution of dividend. (6) Separation of Management from Ownership.Kinds of a Company:Companies registered under the Companies Act, 2013, may be classified as below:Unlimited Company:• Unlimited Company is a company where there is no limit on the liability of its members.• It means, when a company suffers loss and the company's property is not sufficient to payoff its debts, the private property of its members will be used to meet the claims of creditors.Company Limited by Guarantee:• In case of such a company, the liability of the members is limited to the extent of the guarantee given by them in the event of the winding up of the company.• The liability of its member will arise only in the event of winding up of the company.Company Limited by Shares:• In case of such a company the liability of the members is strictly limited to the extent of the nominal value of shares held by each of them.• If a member has already paid the full amount of the shares, he will not be liable to pay any amount.• Such companies may be sub-divided into private, public and one person companies:Private Company:• As per Section 2 (68) of Companies Act, 2013, a private company is one which has a minimum paid-up share capital of Rs 1,00,000 or such higher paid-up capital as may be prescribed by Companies Act, and by its Articles of Association. (3) Limited Liability. It cannot invite the public to subscribe to its shares.

Crash Course of Macro Economics -Class 12, Crash Course of Micro Economics -Class 12, Crash Course of Business Studies(BST)- Class 12, TS Grewal Solutions - Class 11 Accountancy, TS Grewal Solutions - Class 12 Accountancy. Definition of a Company:"A Company is an artificial person created by law, having separate entity with a perpetual succession and a common seal".Characteristics of a Company:(1) Separate Legal Entity.

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