Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares3 Marks
Question
Write note on : (i) Issue Shares at par or face value
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Answer
The face value of share is mentioned in the capital clause of Memorandum of Association. When company receives the same amount from investors then it is said to issue share at par. This amount can be called on instalment also.
For eg. The share price of company A is 10 and company issue share at 10 then it is said the company have issued their share at par or facevalue-Shareholders are not responsible to pay more than the face value of share.
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