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FINANCIAL CHRONICLE™ » CHRONICLE™ SUPPORT » Quarantined » Minimum Authorised Share Capital required for the listed Companies

Minimum Authorised Share Capital required for the listed Companies

+4
Fresher
Gaja
Redbulls
shan
8 posters

Go down  Message [Page 1 of 1]

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Minimum Authorised Share Capital required for the listed Companies one million shares.whatever less than one million shares should be go for increase the shares capital by sub division of shares,this is the new rules.

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Then these companies should go for increase the shares capital by sub division of shares.

CPRT =============35,010 shares
KZOO ============ 50,000 shares
OFEQ ============ 83,356 shares
PARA ============ 100,028 shares
SWAD =========== 130,666 shares

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Could you please share me, where I can find the amended Law regarding Authoraised share capital?

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@shan wrote:Then these companies should go for increase the shares capital by sub division of shares.

CPRT =============35,010 shares
KZOO ============ 50,000 shares
OFEQ ============ 83,356 shares
PARA ============ 100,028 shares
SWAD =========== 130,666 shares

I Can't remember even, when the last trade took place for SWAD

Fresher


Moderator
Moderator
@shan wrote:Then these companies should go for increase the shares capital by sub division of shares.

CPRT =============35,010 shares
KZOO ============ 50,000 shares
OFEQ ============ 83,356 shares
PARA ============ 100,028 shares
SWAD =========== 130,666 shares

How do you propose to increase share capital through a sub-division?

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
npp wrote:
@shan wrote:Then these companies should go for increase the shares capital by sub division of shares.

CPRT =============35,010 shares
KZOO ============ 50,000 shares
OFEQ ============ 83,356 shares
PARA ============ 100,028 shares
SWAD =========== 130,666 shares

How do you propose to increase share capital through a sub-division?

exactly, i too have the same question.

Sub division only increases the number of shares, right issue would increase the stated capital.

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
The rule is for the companies which are seeking to list in CSE, they should meet a minimum specified stated capital.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
npp wrote:
@shan wrote:Then these companies should go for increase the shares capital by sub division of shares.

CPRT =============35,010 shares
KZOO ============ 50,000 shares
OFEQ ============ 83,356 shares
PARA ============ 100,028 shares
SWAD =========== 130,666 shares

How do you propose to increase share capital through a sub-division?

Himself and Gainer are on the same boat on illiquid stocks and share split etc etc.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
There was no such rule in Sri Lanka. - As per the last amendment of listing rules on 13th Feb this year.

Minimum stated capital for Main board is Rs. 500 million, fro Diri Savi Board it is 100 million Rupees.

You are talking about the number of shares, not the capital. There is no mini or max limit for the number of shares.

If they have introduced a new rule let us know the link.

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Minimum number of shares one million required for listed companies.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@shan wrote:Minimum number of shares one million required for listed companies.

What is the source?

Fresher


Moderator
Moderator
moved to prison

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Shan,

State capital and number of shares in issue is 2 different things.


Kindly give us a link to where this serious new rule you mentioned is stated.

People asked you several times.


( Else you are at the risk of promoting and other consequences the forum.)

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:Shan,

State capital and number of shares in issue is 2 different things.


Kindly give us a link to where this serious new rule you mentioned is stated.

People asked you several times.


( Else you are at the risk of promoting and other consequences the forum.)

He can't, he is a continous promoter of illiquid share in another ID, which everyone knew.

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Shan are you dumb...Post the link.We need to knwo about this new rule....what ever..

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