Accounting Standards) Rules, 2015; (iv) the resulting company issues, in consideration of the demerger, its shares to the shareholders of the demerged company ... section (2) of section 56; (xvi) any consideration received for issue of shares as exceeds the fair market value of the shares referred
shares that exceeds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value of the shares ... Provided that this clause shall not apply where the consideration for issue of shares is received— (i) by a venture capital undertaking from a venture
equity shares of Rs. 100
each to be offered as rights shares to the existing
shareholders in proportion to the shares held by them ... value of the rights shares was about Rs.
190 per share on the crucial date and that, since the rights
shares were issued
immediately before the demerger; (iv) the resulting company issues, in consideration of the demerger, its shares to the shareholders of the demerged company ... resulting company in consideration of such transfer of undertaking, issues shares to the shareholders of the demerged company and includes any authority or body
company.
(A-ii) Direction to issue share certificates immediately to her of these 8000
shares.
(B) Declaration that issue and allotment of 3000 shares ... broad-base the company by
issuing additional shares.
(iii) Whether the allotment of 6475 shares and 3000 shares in favour of the
Appellants herein
issue of further share
capital of the Company but also not offering him the further share capital
which was being issue by the company. Having ... learned counsel for the
parties, following issues arise for consideration.
Issue 1. Validity of allotment of equity shares of the Company in favour of
Ramanujam
Section 79 in The Companies Act, 1956
79. Power to issue shares at a discount .-
(1) A company shall not issue shares at a discount ... allow. (3) Where a company has passed a resolution authorising the issue of shares at a discount, it may apply to the [Central Government] [Substituted
shares leaving out shares held by the French company. Mr. Rath had sold his shares numbering 250 and these shares were equally divided between ... shares had on the value of the existing shares and whether the value of existing shares was depressed, if at all, by the issue
company-Dealing in
shares-Bonus shares-Valuation.
HEADNOTE:
The assessee company dealt in shares and also held invest-
ments of shares on January ... shares with the 50 bonus shares. The
shares in respect of which the bonus shares were issued were
already averaged with the bonus shares. This
Central Government, raise whether by public issue [or rights issue or by issue of bonus shares] [Substituted by Act 45 of 2006, Section ... paid-up capital is [raised by public issue [or rights issue or by issue of bonus shares] [Inserted by Act 8 of 1995, Section
