Audit of Shares | Company | India | Auditing
In this article we will discuss about:- 1. Special Issues of Shares 2. Underwriting Commission or Brokerage on Issue of Shares 3. Forfeiture. Special Issues of Shares: (a) Redeemable preference shares: Ordinarily shares of a company, once issued, cannot be repaid or redeemed except in the event of liquidation. Sec. 80(5A) of the Companies Act prohibits a company from issuing [...]